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$3,995,000
Available - For Sale
Listing ID: E13590670
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.
Price $3,995,000
Taxes: $16,924.53
Tax Type: N/A
Occupancy by: Tenant
Address: 49 Cranfield Road , Toronto, M4B 3H3, Toronto
Postal Code: M4B 3H3
Province/State: Toronto
Legal Description: PART OF BLOCK D, PLAN 3683 EAST YORK, DE
Directions/Cross Streets: Cranfield Rd & Northline Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Designated
Total Area: 1.33
Total Area Code:  Acres
Maintenance: 0
Rail: N
Sewers: None
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ROYAL LEPAGE SIGNATURE REALTY

49 Cranfield Road , Toronto, M4B 3H3, Toronto

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Land
Area: Toronto
Municipality: Toronto E03
Neighbourhood: O'Connor-Parkview
Style:
Lot Size: x 411.89(Feet)
Approximate Age:
Tax: $16,924.53
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949