$849,900 - 150 New Delhi Drive Unit 43, Markham
Commercial for Sale in Markham
Neighbourhood: Cedarwood
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- MLS Number
- N13760848
- Property Type
- Commercial
- Status
- active
- Days on Site
- 28
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 702 sqft
- Neighbourhood
- Markham
- Taxes (2025)
- $3,721
- Listing Brokerage
- FABIANO REALTY INC.
SALE OF EXISTING DENTAL OFFICE UNIT - NO LEASE - COMMERCIAL UNIT FOR SALE (PRESENTLY DENTAL OFFICE) - FULLY EQUIPPED FOR DENTAL PRACTICE OR DENTAL HYGENISTS OFFICE!! Just Move In And Begin Your Practice - Everything Needed Has Already Been Installed To Operate As A Dental Practice (All The Work Has Already Been Done For you). Growth potential, as several procedures are currently being referred out, including orthodontics, implants, and oral surgeries. 3rd Operatory is currently plumbed abd wired.Wonderful Location In One Of Markham's High Traffic Busy Retail Shopping Neighbourhoods. Ground Floor Unit With Frontage on New Delhi Drive With Sidewalk and Also In The Retail Shopping Plaza with Lots of Ample Parking. Big Box Stores Such As Costco, Home Depot, Canadian Tire, Restaurants and Residential Neighbourhoods Surround This Busy Location. Just Steps From Markham Road and Easily Accessible to 407 Highway. This turn-key Dental Office With 702 Sq. Ft. Currently, an existing Dental Practice since 2012. Close to $400k Spent To Equip This Unit With Everything Needed For A Well Run Dental Office. Currently Set Up With 2 Operatories(With the Possibility of a 3rd Operatory already wired and plumbing installed andCurrently Used As An Office) Reception Area & Handicapped Washroom. This Unit With It's High Ceilings and Floor To Ceiling Windows Front and Back of Unit, Provides Lots Of Natural Light. This Is A Fabulous Opportunity For A Dental Office Which Has Been Already Fitted With All The Extensive and Expensive Improvements Needed To Make This a Turn Key, Just Move In Opportunity. All Modifications Adhere to Strict Guidelines Set Out By the Royal College of Dental Surgeons Of Ontario (RCDSO) and the Ontario Building Code. Existing Dental Equipment and All Dentist Accessories Included. This Unit Is An Excellent Price For A Move In Ready Dental Operation. Ideal Opportunity for First Time Owner/Operator as well as Growth and Investment in Practice.
Estimate your monthly payments for this property
Estimated Payment
$4,360.43/mo
Includes CMHC insurance ($23,712)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cedarwood
Cedarwood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cedarwood
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cedarwood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
150 New Delhi Drive Unit 43, Markham
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $1,211/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 28-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Markham transactions.