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SaleIndustrial

14 Toro Road

Toronto W05, ON M3J 2A7

Price

$4,300,000

Building Size

8,928 sq ft

MLS# W13772610 | Listed by VERTICAL MARKETING REALTY

Business Details

Property Use

Free Standing

Commercial Space & Financials

Industrial Area

6,615 sq ft

Office / Apt Area

2,313 sq ft

Taxes (Annual)

$32,015.7

Industrial Specifications

Clear Height

12 ft

Lot Size

80' × 248.09'

Structure

Freestanding

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.

Price & Status History

Price history is locked

Location

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14 Toro Road, Toronto W05 M3J 2A7

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Listing Courtesy of: VERTICAL MARKETING REALTY

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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