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Commercial Property in Markham
Unit 305 at 15 Maximillian Lane
Assignment sale. Brand new condo townhouse 1420 sq ft with terrace 119 sq ft. 1 EV parking is included. This unit features a versatile two-level live/work unit that seamlessly combines professional and residential spaces. The entry level is designed for business use, offering a spacious work area measuring 21'1" x 19'2", ideal for offices, studios, or client-facing operations. A barrier-free washroom on this level ensures accessibility for all, meeting inclusive design standards. Additional features include a mechanical room, storage space, and a closet, enhancing functionality. The live/work entrance provides dedicated access for business purposes, maintaining a clear division between work and personal life. The second level is tailored for comfortable living. It includes an open-concept living and dining area with access to a private balcony, creating an inviting indoor-outdoor flow. The kitchen is equipped with modern amenities, a breakfast bar, and a conveniently located laundry area. The bedroom, complete with a walk-in closet, offers privacy and practicality. This unit is perfect for those seeking a functional and stylish live/work environment.
Markham retail priced at $1,380,000 — book a tour to see if it fits your search.
How assignment sales work
What changes when you buy a builder contract instead of a finished home: HST, deposits, builder consent — each checked against its official source.
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What an assignment is
An assignment sale is when the original buyer of a new, not-yet-completed home (the assignor) sells their rights and obligations under the agreement of purchase and sale with the builder to someone else (the assignee), who then closes with the builder.
Since May 7, 2022, all assignment sales of newly constructed or substantially renovated residential housing are taxable for GST/HST. For assignment agreements entered into after May 6, 2022, an amount that reimburses the assignor's deposit to the builder can be excluded from the taxable amount when the assignment agreement states that part of the price is for that deposit reimbursement.
On a new condominium unit, the builder must hold deposit money in trust under the Condominium Act, and the new home warranty protects up to $20,000 if a deposit was not placed in trust. On a new freehold home, Tarion covers the deposit up to $60,000 on homes priced at $600,000 or less, and 10% of the price up to $100,000 above that.
Whether a unit can be assigned, and on what terms (for example the builder's written consent or an assignment fee), is set by the assignment clause of the original agreement of purchase and sale. Read that clause, with a lawyer, before you commit.
Checked against the sources above on 2026-09-25. Not legal or tax advice.
Ask before you offer
This listing's description doesn't state the original purchase price, how much deposit is paid, the occupancy date or the builder's assignment fee. The full package (the original agreement and deposit receipts) answers these.
Selling an assignment?
List it free with Summitly — your contact details stay private and a licensed agent handles every buyer.
From the listing remarksMLS® listings have no structured assignment fields, so these figures are read from the listing agent's description. We show only what it states clearly — confirm every number against the agreement of purchase and sale and the assignment agreement before you commit.
Parking
Included
“1 EV parking is included.”
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
15 Maximillian Lane #305 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14168788$1,380,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 15 Maximillian Lane #305 Compares to the Markham Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
Book a tour of 15 Maximillian Lane #305 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio99.2%On average, homes sold below asking.
Active listings1,541Homes for sale here right now.
Median vs prior 90 days−0.1%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,248 sales from Aug 12 – Nov 10, 2026 (896 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 15 Maximillian Lane #305
Is 15 Maximillian Lane #305 an assignment sale?
Yes. The listing describes it as an assignment: the original buyer is selling their contract with the builder, and the buyer who takes it over closes with the builder.
How much cash do I need to buy 15 Maximillian Lane #305?
On an assignment you typically repay the original buyer's deposit and pay any markup when the assignment is signed, then pay the builder the balance at final closing, usually with a mortgage. This listing doesn't state enough figures to work out the amounts — ask for the full package.
Is HST charged on an assignment sale?
Since May 7, 2022, assignment sales of new residential homes are taxable for GST/HST (CRA info sheet GI-120). The part of the price that reimburses the original buyer's deposit can be excluded from the taxable amount when the assignment agreement says so.
Does the builder have to approve an assignment?
Usually the original agreement of purchase and sale sets whether the unit can be assigned and on what terms — often the builder's written consent and an assignment fee. Read that clause with a lawyer before you commit.
How much is 15 Maximillian Lane #305 listed for?
15 Maximillian Lane #305 is listed at $1,380,000 (MLS® N14168788). Summitly updates the price as soon as the MLS® record changes.
Has the price of 15 Maximillian Lane #305 changed?
No — 15 Maximillian Lane #305 is still listed at its original asking price of $1,380,000.
How many bedrooms and bathrooms does 15 Maximillian Lane #305 have?
The listing for 15 Maximillian Lane #305 doesn't publish its bedroom and bathroom count. It is a commercial property in Markham.
How does 15 Maximillian Lane #305 compare with other homes in Markham?
Its asking price of $1,380,000 is about 27% above the median sold price in Markham over the last 90 days, $1,084,000, across 1,248 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Where is 15 Maximillian Lane #305?
15 Maximillian Lane #305 is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 15 Maximillian Lane #305 been on the market?
15 Maximillian Lane #305 was listed today (November 10, 2026).
