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$ 3,995,000
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1 SqFt
$ 3,995,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $3,995,000
Municipality Toronto E03
Subdivision O'Connor-Parkview
MLS Listing ID E13590858
Annual Tax Amount $16,924
Tax Year 2025
Property Sub-Type Investment
Lot Depth 411.89
Lot Front 20.18
Property Description
Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A& Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent.
Location
Province ON
County Toronto
Community Toronto E03
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 20.18
Lot Depth 411.89
Others
ParcelsYN No
Listed by ROYAL LEPAGE SIGNATURE REALTY
NEARBY SCHOOL & BUSINESS
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