$1,699,000 - 2835 Markham Road Unit 12, Morningside
New Construction for Sale in Morningside
118 days on market- MLS Number
- E12870930
- Property Type
- New Construction
- Status
- active
- Days on Site
- 118
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Scarborough (Morningside / West Hill)
- Listing Brokerage
- HOMELIFE/CHAMPIONS REALTY INC.
Commercial / Automotive Use: Exceptional opportunity to own a well-established auto mechanic shop location operating in the same unit for the past 8 years. *The business is also available for sale, offering a turnkey opportunity for automotive professionals or investors.* This versatile ~2,500 sq. ft. unit including mezzanine features an impressive 20-ft high ceiling and large open workspace suitable for multiple automotive services. 10 Foot Garage Door. The property is well equipped with 225 Amp electrical service,Springler system, existing HVAC system, and space for up to 4 hoists. The layout includes storage rooms on both the ground floor and second level, two private offices, and 2 washroom with shower, cafeteria area. Located at the high-traffic intersection of Markham Rd & McNicoll Ave, this property offers excellent accessibility and exposure for automotive or light industrial use.Monthly management fee of $695 includes common elements, building insurance, and 5 parking spaces.
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/mo
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 Scarborough (Morningside / West Hill)
Scarborough (Morningside / West Hill) 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 Scarborough (Morningside / West Hill)
- •Convenient location in Scarborough (Morningside / West Hill)
- •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
Scarborough (Morningside / West Hill) 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.
2835 Markham Road Unit 12, Scarborough (Morningside / West Hill)
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $850/sqft, this property is priced in line with current Morningside market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 118 days on site, this property has exceeded the typical selling timeline for Morningside. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Investment Perspective
Looking at this as an investment: Morningside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.