2835 Markham Road Unit 12, Toronto E11

Price: $120,000

0 bedrooms, 1 bathrooms

Property Type: New Construction

MLS#: E12890682

Location! Location! Location! Excellent opportunity to own a public garage business at the busy intersection of Markham Road and McNicoll Avenue. Be your own boss! The property features approximately 2,500 sq. ft(including 500SqFt Mezzanine). with an impressive 20-ft high ceiling. Currently equipped with 2 hoists, with ample space to install up to 2 additional hoists (subject to buyer's requirements). The shop also includes 1-year-new tire machine and wheel balancer. Layout includes 1 office, 3 storage rooms, and a comfortable customer waiting area, along with 2 washrooms and 1 shower room. 5 parking spaces available. Lease: $35/sq.ft + TMI approx. $12/sq.ft + HST. Great opportunity for mechanics and automotive entrepreneurs. *** Property is also for sale: MLS#: E12870930

2835 Markham Road Unit 12 - New Construction photo 1 of 23 in Scarborough (Morningside / West Hill), Ontario
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New Listing
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$120,000 - 2835 Markham Road Unit 12, Morningside

New Construction for Sale in Morningside

New — Listed yesterday
0Beds
1Baths
N/ASq Ft
New Construction
Property Details
MLS Number
E12890682
Property Type
New Construction
Status
active
Days on Site
1
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Scarborough (Morningside / West Hill)
Listing Brokerage
HOMELIFE/CHAMPIONS REALTY INC.
Description

Location! Location! Location! Excellent opportunity to own a public garage business at the busy intersection of Markham Road and McNicoll Avenue. Be your own boss! The property features approximately 2,500 sq. ft(including 500SqFt Mezzanine). with an impressive 20-ft high ceiling. Currently equipped with 2 hoists, with ample space to install up to 2 additional hoists (subject to buyer's requirements). The shop also includes 1-year-new tire machine and wheel balancer. Layout includes 1 office, 3 storage rooms, and a comfortable customer waiting area, along with 2 washrooms and 1 shower room. 5 parking spaces available. Lease: $35/sq.ft + TMI approx. $12/sq.ft + HST. Great opportunity for mechanics and automotive entrepreneurs. *** Property is also for sale: MLS#: E12870930

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$615.66/mo

Includes CMHC insurance ($3,348)

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5-yr fixed avg.

Principal: $108,000Interest: $73,351
Mortgage Amount$111,348
Total Interest$73,351
Est. Property Tax$85/mo
Total Cost$184,699

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.

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Neighbourhood Guide: Scarborough (Morningside / West Hill)

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

2835 Markham Road Unit 12, Scarborough (Morningside / West Hill)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
22.9%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$85
Insurance (est.)-$25
Net Cash Flow+$2,290

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Just Listed - Act Strategically

This property hit the market within the last week. In Morningside's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Efficient Living

At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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