505 Highway 7 E #86 is a retail in Markham, listed for $449,888.
1An Exciting Opportunity To Own Your Own Commercial Retail Space At The Iconic Commerce Gate, One Of Markham's Most Recognized & Established Shopping And Dining Destinations!
2Enjoy Ample Plaza Parking, Convenient Public Transit & Quick Access To Highways 404 & 407.
3For Business Owners, It's An Opportunity To Invest In Your Own Space & Build Equity Instead Of Paying Rent Year After Year.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Markham
Unit 86 at 505 Highway 7 East
An Exciting Opportunity To Own Your Own Commercial Retail Space At The Iconic Commerce Gate, One Of Markham's Most Recognized & Established Shopping And Dining Destinations! Whether You're An Entrepreneur Looking To Build Your Business Without Paying Rent To A Landlord, Or An Investor Seeking A Commercial Property With Long-Term Income Potential, This Is An Opportunity Worth Exploring. Situated In A High-Traffic Plaza At Highway 7 & Leslie, This Retail Unit Offers Excellent Exposure Facing The Main Parking Area, Surrounded By A Vibrant Mix Of Popular Restaurants, Bubble Tea Shops, Cafes, Specialty Retailers & Professional Offices. The Surrounding Residential & Business Communities Help Create A Dynamic Environment For Both Daytime & Evening Activity. An Ideal Opportunity For A Bubble Tea Shop, Cafe, Specialty Retail, Cafe, Bakery, Takeout Concept Or Other Boutique Business. Enjoy Ample Plaza Parking, Convenient Public Transit & Quick Access To Highways 404 & 407. For Business Owners, It's An Opportunity To Invest In Your Own Space & Build Equity Instead Of Paying Rent Year After Year. For Investors, It's A Chance To Own A Commercial Asset In A Well-Established Retail Destination With The Potential To Generate Rental Income For Years To Come. Own The Space. Build Your Business. Invest In Your Future.
Markham retail priced at $449,888 — book a tour to see if it fits your search.
Inside 505 Highway 7 E #86
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
505 Highway 7 E #86 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14108920$449,888
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 505 Highway 7 E #86 Compares to the Markham Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 505 Highway 7 E #86. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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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 market30Homes sold in about 30 days on average.
Sale-to-list ratio99.4%On average, homes sold below asking.
Active listings1,543Homes for sale here right now.
Median vs prior 90 days+3.5%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 1,307 sales from Jul 25 – Oct 23, 2026 (809 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
505 Highway 7 E #86 is listed at $449,888 (MLS® N14108920). Summitly updates the price as soon as the MLS® record changes.
Has the price of 505 Highway 7 E #86 changed?
No — 505 Highway 7 E #86 is still listed at its original asking price of $449,888.
How many bedrooms and bathrooms does 505 Highway 7 E #86 have?
The listing for 505 Highway 7 E #86 doesn't publish its bedroom and bathroom count. It is a commercial property in Markham.
Is 505 Highway 7 E #86 close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 3.0 km in a straight line. Richmond Hill GO Station is about 4.8 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 505 Highway 7 E #86 compare with other homes in Markham?
Its asking price of $449,888 is about 59% below the median sold price in Markham over the last 90 days, $1,099,000, across 1,307 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.
Has 505 Highway 7 E #86 been sold before?
Summitly has no earlier MLS® sale or lease of 505 Highway 7 E #86 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 Highway 7 E #86?
505 Highway 7 E #86 is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 Highway 7 E #86 been on the market?
1 day — 505 Highway 7 E #86 was listed on October 22, 2026.
What is the land transfer tax on 505 Highway 7 E #86?
About $5,473 in Ontario land transfer tax at the asking price of $449,888. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 505 Highway 7 E #86 or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 505 Highway 7 E #86?
The listing for 505 Highway 7 E #86 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Markham.
When was 505 Highway 7 E #86 built?
The listing for 505 Highway 7 E #86 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
