$17/mo - 500 Alden Road Unit 16, Markham
Commercial for Rent in Markham
New — Listed yesterdayNeighbourhood: Milliken Mills West
- MLS Number
- N13529266
- Property Type
- Commercial
- Status
- active
- Days on Site
- 1
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,950 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX WEST REALTY INC.
This exceptionally clean and well-maintained 1,950 sq. ft. industrial unit offers the perfect blend of professional office space and functional warehouse space, making it an ideal opportunity for a wide range of businesses. Approximately 30% of the unit is finished office space, featuring a welcoming reception area, private offices, and a comfortable work environment, while the remaining 70% is open warehouse space designed for efficient storage, distribution, light manufacturing, or service operations. Complete with a truck level loading door. Boasting excellent street exposure, this unit provides outstanding visibility and signage opportunities, helping your business stand out in a high-traffic commercial location. The space has been meticulously maintained and is move-in ready, allowing you to begin operations with minimal setup. Employee comfort is ensured year-round with heating and air conditioning throughout the premises. An added bonus is that all existing office furniture and equipment are included, offering tremendous value and reducing the costs associated with relocating or outfitting your new workspace. Whether you're expanding your business, establishing a new headquarters, or looking for a versatile industrial space with a professional appearance, this property checks all the boxes. The combination of clean, modern office space, practical warehouse functionality, and excellent curb appeal makes this a rare leasing opportunity. Don't miss your chance to secure a turnkey industrial unit that offers flexibility, convenience, and exceptional presentation in one complete package. Schedule your private viewing today and discover how this outstanding space can help your business thrive.
Discover Milliken Mills West
Milliken Mills West 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 Milliken Mills West
- •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
Milliken Mills West 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.
500 Alden Road Unit 16, 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
Commercial property values in Markham are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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.