85 Renfrew Dr - Office FOR SALE


Markham, ON L3R 8H3
$7,500,000 CAD
416-666-0036
85 Renfrew Dr, Markham, ON for Sale
$7,500,000 CAD
Office - FOR SALE
1/2
null | Request Cap Rate

NEW


85 Renfrew Dr
Markham, ON L3R 8H3


OVERVIEW

Avison Young has been retained to offer for sale 85 Renfrew Drive, Markham, Ontario (the “Property”). This boutique 22,632 square foot, two-storey office building is fully vacant and features highly desirable accommodation and versatile floor plates, ideal for both single and multi-tenant configurations. The current vacancy offers a rare chance for immediate turnkey occupancy for owner-occupiers, or a strategic lease-up for investors seeking to unlock the Property’s income generating potential. The property is located on a 1.24-acre site with 59 parking stalls. Strategically located minutes away from major arterial highways in the city of Markham, 85 Renfrew Drive offers exceptional connectivity to the broader Greater Toronto Area and beyond. The Property is adjacent to the Buttonville redevelopment and situated within one of the region’s most dynamic and rapidly evolving business corridors. Surrounded by a diverse mix of corporate, tech, and industrial users, the Property delivers a powerful combination of accessibility, adaptability, and long-term growth potential. It represents a rare opportunity to secure a foothold in one of Markham’s most sought-after commercial nodes. The property’s EMP-BP zoning is flexible and allows for business office, hotel and industrial uses amongst others. The office leasing market is in very short of supply of single tenant office buildings in the 20,000 to 50,000 sf range and 85 Renfrew Drive offers a buyer the rare opportunity to lease or occupy a highly functional and attractive asset, offering premium accommodation and the opportunity to brand the building for the user/ tenants.

FOR SALE DETAILS

PRICE

$7,500,000 CAD

PRICE/SF

$331 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-2

APN/PARCEL ID

193602013227300

ASK ABOUT THIS PROPERTY

Richard ChilcottAvison YoungMore Info
416-666-0036

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Richard ChilcottAvison YoungMore Info
416-666-0036

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.