Prime industrial multi-unit property for sale in the heart of Scarborough, ON. Conveniently located nearby public transportation and Highway #401, providing convenient logistics and quick access to the property. The 55,000 SF building sits on a 2.6 acre parcel of land, and is currently in the process of industrial condo conversion. The zoning is Employment Industrial, providing for a wide range of employment / industrial uses. Leased to 13 Tenants, generating over $760,000 NOI with WALT of 2 years.
Extras
The property offers 13 demised units with individual city mailing addresses, HVAC system and upgraded with fiber optic lines. This property is zoned Employment Industrial, permitting a wide range of uses.
PARCEL 10-1, SECTION M1292 LOT 10, PLAN 66M1292 SCARBOROUGH , CITY OF TORONTO
Occupancy
Tenant
Possession Date
TBD
Taxes (2023)
$82,564
Tax Type
Annual
Directions/Cross Streets
Production Drive/Progress Avenue
Neighbourhood
Woburn
Area
Toronto
Price History
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Detailed Information
Freestanding
Y
Lot
190 x 646 ft
Industrial Area
100 percent
Total Area
55,673 ft2
Air Conditioning
N
Garage Type
Outside/Surface
Heat Type
Gas Forced Air Open
Area Influences
Major Highway
Sprinklers
Y
Utilities
A
Water
Municipal
Clear Height
16 feet
Drive-In Level Shipping Doors
1
Truck Level Shipping Doors
13
Rail
N
Lot/Bldg/Unit Code
Lot
Zoning
Employment Industrial
Seller Property Info Statement
N
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