Published 20 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Malvern East
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8 Rosebank Dr, Toronto
Built
2010
Storeys
16
Suites
205
Developer
V.H.L. Developments
Corporation
TSCC-2070
Walk Score
89
Free · about 45 seconds · no obligation
What is your unit at Markham Place worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Very Walkable
Transit Score
Good Transit
Bike Score
Somewhat Bikeable
Transit, nearest first
- 102Markham RdTTC bus0.2 km
- 902Markham Rd ExpressTTC bus0.2 km
- 134ProgressTTC bus0.2 km
- GOAgincourt GOStouffville line3.9 km
- 5Kennedy station LRT Platform stationLine 5 Eglinton7.0 km
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Burrows Hall Junior Public School
151 Burrows Hall Blvd, Scarborough
0.6 km · ~9 min walk
Zoned for this address
MiddleGr 7–8
Dr Marion Hilliard Senior Public School
280 Washburn Way, Scarborough
1.6 km · ~25 min walk
Zoned for this address
High schoolGr 9–12
Lester B Pearson Collegiate Institute
150 Tapscott Rd, Scarborough
1.5 km · ~23 min walk
Zoned for this address
Catholic elementary
St Barnabas Catholic Elementary School
0.9 km · ~14 min walk
Nearest, confirm zoning
Catholic elementary
St Elizabeth Seton Catholic Elementary School
0.9 km · ~14 min walk
Nearest, confirm zoning
Catholic secondary
St. Mother Teresa Catholic Academy
2.6 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Laure Riese
4.7 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Markham Place actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 2 | too few | 5 | $2,150/mo |
| 2 bed | 3 | $503,500 | 3 | $2,500/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Markham Place
Do mostly owners or renters live here?
Mix of owners and renters. Of 34 deals here in the last 24 months, 18 were leases and 16 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Markham Place?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Markham Place
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at Markham Place lists or sells.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Coffee
Tim Hortons
0.2 km · ~3 min walk
Sushi
A I Sushi
0.3 km · ~5 min walk
Restaurant
Food Basics
0.3 km · ~5 min walk
Caribbean
Sunrise Caribbean Restaurant
0.3 km · ~5 min walk
Mexican
Fat Bastard Burrito
0.3 km · ~5 min walk
Chicken
Popeyes
0.4 km · ~6 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Cynthia Lai Park
- Burrows Hall Park
- Pinetree Park
Nearest grocery
Food Basics
0.3 km · ~5 min walk
Prices: TRREB MLS® System aggregate medians for 8 Rosebank Dr, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Markham Place is one of the buildings I show first-time buyers who want a newer tower in Scarborough without a downtown price per foot. It is a 16-storey, 205-suite building from 2010 near Markham Road and Sheppard, and its fee covers heat, air conditioning, water and parking. It is not a destination building; it is a practical one, and that is its strength. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Markham Place is a 16-storey, 205-suite condominium at 8 Rosebank Drive in the Malvern East neighbourhood of Scarborough, Toronto. It was developed by V.H.L. Developments and completed in 2010. The condominium corporation is TSCC-2070, registered on 4 May 2010, and Shiu Pong Management is listed as the property manager. Suites run about 546 to 1,096 sq ft. The maintenance fee covers common elements, heat, air conditioning, building insurance, parking and water.
Markham Place at a glance
Part of a planned community at Markham and Sheppard
Rosebank Drive sits in the multi-phase residential community that was planned for the southeast quadrant of Markham Road and Sheppard Avenue in the late 1990s. City records from 1999 describe a townhouse phase at 19 Rosebank Drive with underground parking and a shared recreation building, so this tower arrived later into a neighbourhood that was already largely built out.
Markham Place has a sister building, Markham Place II at 6 Rosebank Drive. If you like the location, look at both. Separate corporations make separate decisions on fees, repairs and rules over time, and comparing their status certificates is one of the easiest ways to see which is being run better.
V.H.L. Developments is a smaller builder without the public profile of a Tridel or a Daniels. That is not a mark against the building, but it means the corporation’s own record since 2010 is the evidence that matters, not the developer’s name.
Suites built for owners, not just investors
The size range runs from about 546 square feet to about 1,096 square feet. The current listings were mostly one-bedroom-plus-den plans in the 600 to 800 square foot range, which is a sensible size for a first-time buyer or a single professional and noticeably larger than the newest one-bedrooms in many towers.
At the top of the range, plans around 1,000 square feet give a family or downsizer two bedrooms and room for a real dining table. A 2010 building also tends to have more conventional layouts than today’s compact plans, with a proper entry and a kitchen that isn’t simply a wall in the living room.
At 16 storeys, upper floors here are not high by Toronto standards, so views depend heavily on which way a suite faces and what sits across the street. Check the exposure and the view from the actual suite, not the marketing photos, before you fall for it.
For an investor, the inclusions help too. A tenant paying only hydro is easier to find and keep than one facing separate heating and cooling bills, and the den in a one-plus-den plan widens the pool of renters to couples and people working from home.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The fee covers the big bills
The fee includes common elements, heat, air conditioning, building insurance, parking and water. Your suite’s hydro is the main utility left for you. Having both heating and cooling in the fee makes monthly costs very predictable, which matters when you are stretching to qualify for a first mortgage.
Across the current listings, fees ranged from about $429 to $557 a month, which condos.ca puts at roughly $0.76 per square foot. For a building that includes parking, heat and air conditioning, that is reasonable for Scarborough. When you compare it with a newer tower quoting a lower fee, add back a monthly parking charge, a winter heating bill and a summer cooling bill before you decide which is cheaper.
The trade-off with a fee that covers heating and cooling is that the central plant belongs to everyone. At 16 years old, the building is approaching the point where mechanical equipment, the garage and common-area finishes need attention, so read the reserve fund study for the timing of those items.
Daily life in Malvern
Malvern is a residential, family-oriented part of northeast Scarborough. Daily errands mostly happen along Markham Road and Sheppard Avenue, and many residents here drive, so the parking space included in the fee earns its keep.
Transit is set to improve over the next several years. The Line 2 subway extension under construction will end at Sheppard Avenue and McCowan Road, and the City’s planned Eglinton East LRT is intended to run from Kennedy Station to Malvern Town Centre by way of the University of Toronto Scarborough. Neither will open soon, so buy for the transit you have today, which the panel on this page shows.
Suites on the side facing the busiest roads will hear more traffic, so visit at rush hour if noise matters to you. Also walk the route to your nearest grocery store and bus stop; the panel on this page lists both, and seeing them in person is the quickest way to know whether the location fits your routine.
What suites ask, and what that means
Condos.ca puts the building average at about $586 per square foot. Four suites were for sale when I checked, asking from $375,000 to $419,900.
That makes Markham Place one of the more affordable ways into a 2010-era tower with heat, cooling and parking included. Compare it with Markham Place II next door and with older Malvern and Morningside buildings, which often ask less per foot but carry higher fees and older systems.
Four listings at once, mostly in similar sizes, means buyers have a little leverage. Use the comparables in my building sold report to judge where a fair offer sits. Pay attention to how long recent suites took to sell; if days on market are stretching, that is room to negotiate on price or closing date.
Remember that the asking price is only half of the monthly picture. Two suites at similar prices can carry fees more than $100 apart, so compare total monthly cost, mortgage plus fee plus hydro, rather than the price alone.
Building specifications
| Building name | Markham Place |
| Address | 8 Rosebank Dr, Scarborough, Toronto M1B 5Z3 |
| Developer | V.H.L. Developments |
| Storeys | 16 |
| Total suites | 205 |
| Condo corporation | TSCC-2070 |
| Registered | 4 May 2010 |
| Property management | Shiu Pong Management |
| Suite sizes | About 546 to 1,096 sq ft |
| Maintenance fees | About $0.76 per sq ft across current listings |
| Fees include | Common elements, heat, air conditioning, building insurance, parking and water |
| Not included | Suite hydro |
Amenities at Markham Place
The package is about service rather than recreation: a concierge and security guard at the front, guest suites for visiting family and rooms for gatherings. If a gym or pool is on your list, confirm what is actually on site before you book a showing.
Jatin’s honest take on Markham Place
Who this building suits
First-time buyers and young couples who want a newer tower and a fee that covers almost every utility, and families with relatives who visit often, given the guest suites. It also suits buyers who work in northeast Toronto or Markham and drive, since parking is included.
What I’d want you to check
Read the reserve fund study with attention to the heating and cooling plant, the garage and the elevators, which are all moving into their second decade. Ask how often the fee has risen in the last five years. Condos.ca lists a pet restriction, so get the exact rules from the status certificate. Compare all of it with Markham Place II.
The value question
At under $600 a square foot with heat, air conditioning and parking in the fee, this is solid value for an owner-occupier. It will not appreciate like a building beside a subway station, but the planned transit nearby gives it some long-term upside, and the monthly costs are easy to plan around.
Free building report: Markham Place
Send me your email and I’ll put together a current report on Markham Place — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Markham Place — frequently asked questions
When was Markham Place built?
It was completed in 2010. The condominium corporation, TSCC-2070, was registered on 4 May 2010.
Who developed Markham Place?
V.H.L. Developments developed and built it.
How big is the building?
It has 16 storeys and 205 suites, with suites of about 546 to 1,096 sq ft.
What do the maintenance fees cover?
Common elements, heat, air conditioning, building insurance, parking and water. You pay your own suite hydro.
Does Markham Place have a concierge?
Yes. Condos.ca lists a concierge and a security guard.
Are there guest suites?
Yes, guest suites are listed among the amenities, along with a party room and meeting room.
Is there a sister building?
Yes. Markham Place II is next door at 6 Rosebank Drive and is a separate condominium.
Who manages the building?
Condos.ca lists Shiu Pong Management. Confirm the current manager in the status certificate.
Are pets allowed?
Condos.ca notes a pet restriction. Check the declaration and rules for the details.
Is parking included?
Parking is listed in the fee inclusions. Confirm that the suite you are buying comes with a deeded or exclusive-use space.
How much do condos at Markham Place sell for?
Over the last 12 months the median resale at Markham Place was $487,000, across 5 sales. The typical unit sold in 18 days at about 97% of the asking price. That works out to roughly $592 per square foot.
How much is rent at Markham Place?
The median lease at Markham Place over the last 12 months was $2,250/mo, from 8 leases. Units typically leased in 23 days.
What does each unit type cost at Markham Place?
Over the last 24 months: One-bedrooms rented for $2,150/mo; Two-bedrooms sold for a median $503,500 and rented for $2,500/mo. Each median uses three or more deals.
Are prices at Markham Place up or down since 2022?
Down about 27%. The median sold price per square foot was $809 in 2022 and $592 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Markham Place offer an investor?
At a median price of $487,000 and a median rent of $2,250 a month, the gross yield is about 5.5%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Markham Place?
A mix of both. Of the deals here in the last 24 months, 53% were leases and 47% were sales.
Can you Airbnb a unit at Markham Place?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Markham Place had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Markham Place zoned for?
For TDSB public schools, the address is zoned for Burrows Hall Junior Public School (Elementary, JK–6), Dr Marion Hilliard Senior Public School (Middle, Gr 7–8), Lester B Pearson Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Markham Place?
The nearest subway is Kennedy station LRT Platform station (Line 5 Eglinton), 7.0 km away; the nearest GO station is Agincourt GO on the Stouffville line, 3.9 km; the closest bus is the Markham Rd (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Markham Place?
Walk Score 89, Transit Score 68 and Bike Score 39. Most daily errands can be done on foot.
What restaurants and shops are near Markham Place?
Within about a 10-minute walk: Tim Hortons (Coffee), A I Sushi (Sushi), Food Basics (Restaurant), Sunrise Caribbean Restaurant (Caribbean), Fat Bastard Burrito (Mexican). The closest grocery store is Food Basics, 0.3 km away.
Which parks are near Markham Place?
Cynthia Lai Park, Burrows Hall Park, Pinetree Park are the closest green spaces.
What is my unit at Markham Place worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Markham Place lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Markham Place, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge building guides: 10 Livonia Condos · 10 Rodda Blvd Townhouses · 100 Burrows Hall Boulevard Townhouses · 100 Wingarden Court · 1021 Midland Avenue Townhouses · 1031 Midland Avenue Townhouses
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.