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$ 4,300,000
Est. payment | /mo
8,928 SqFt
$ 4,300,000
Est. payment | /mo
8,928 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,928 sqft
Price per Sqft $481
Municipality Toronto W05
Subdivision York University Heights
MLS Listing ID W13772610
Annual Tax Amount $32,015
Tax Year 2025
Property Sub-Type Industrial
Property Description
Freestanding industrial investment opportunity situated on just under half an acre in the highly sought-after York University Heights area. Ideally located just off Keele Street, south of Finch Avenue, with excellent exposure and convenient access to rapid transit. The building offers clear heights ranging from approximately 12 to 18 feet and flexible zoning permitting a variety of uses, including automotive. Fully tenanted with a long-term lease, annual rent escalations and two additional five-year renewal options. Currently generating an approximate 4.6% capitalization rate. Located in a rapidly transitioning neighbourhood experiencing substantial development and a diminishing supply of industrial and office properties-providing excellent long-term upside and potential future redevelopment opportunities. The seller will complete exterior re-stuccoing and has recently completed Phase III environmental remediation at the rear of the property. An exceptional opportunity to acquire a well-located income-producing property with strong future potential.
Location
Province ON
County Toronto
Community Toronto W05
Area Toronto
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 80.0
Lot Depth 248.09
Others
Security Features No
ParcelsYN No
Listed by VERTICAL MARKETING REALTY
Nearby Locations
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