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$17,950,000
Est. payment /mo
70,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 70,000 sqft
Price per Sqft $256
Subdivision O'Connor-Parkview
MLS® Listing ID E12537732
Source Toronto Regional Real Estate Board
Property Description
Seller is willing to provide a second mortgage (VTB) of up to $3,500,000 at 2% interest rate to help with the down payment. Additionally, buyer financing of up to $14,000,000 may be available from third-party lenders, subject to the lender's credit approval and usual lending conditions. This creates an exceptional and rare investment opportunity to acquire a substantial industrial warehouse strategically located near Eglinton Avenue and the Don Valley Parkway, offering excellent access to the downtown core and major transportation routes. The property comprises approximately 57,000 sq. ft. of versatile industrial space, including an office component of about 15%, on a generous lot of approximately 70,000 sq. ft. The highly flexible E1 zoning supports a wide range of industrial and commercial uses-such as warehousing, manufacturing, storage solutions, shipping/terminal operations, and even certain renewable energy applications-providing an adaptability that is not commonly available. Pricing is competitive on a $/sq. ft. basis (based on Colliers' latest Toronto Industrial Market Report), especially given the location and zoning. Low property taxes and strong leasing potential further enhance the investment profile, making this an attractive opportunity for both investors and owner-users seeking a high-demand industrial asset in one of Toronto's most active commercial corridors. Full presentation package available. Currently, the seller can deliver the property vacant, fully tenanted, or partially tenanted. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
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Listed by RIGHT AT HOME REALTY
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