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85 Renfrew Dr 22,632 SF Office Building Markham, ON L3R 8H3 $7,500,000 CAD ($331.39 CAD/SF)


EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
22,632 SF
Building Class
B
Year Built
1991
Price
$7,500,000 CAD
Price Per SF
$331.39 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,316 SF
Slab To Slab
12’
Building FAR
0.42
Lot Size
1.25 AC
Zoning
C-2 - Commercial
Parking
65 Spaces (1.75 Spaces per 1,000 SF Leased)
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85 Renfrew Dr
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