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$14,900,000
Available - For Sale
Listing ID: E13594820
A great opportunity to acquire a premium, high-visibility industrial asset situated on a prominent 2-acre corner lot in a highly sought-after Scarborough employment hub. This property is being offered for the first time in years. 41,679 square feet of brick construction, this quality building offers a Buyer flexibility for their business use. 10,263 square feet is leased to a tenant while the remainder can be available for an end-user. The ceiling height is 18' clear, numerous truck level doors and drive-in doors provide for easy shipping. The property is well located between the 407 & 401. The roof was replaced in 2023 for $580,000 thereby minimizing near-term CAPEX. There is an existing cell tower lease providing passive revenue. Phase 3, 600 Volt, 600 Amp 4 Wire Electrical is available. A current Phase I & II and other property information are available to interested parties upon signing a confidentiality agreement.
Price $14,900,000
Taxes: $74,557
Tax Type: Annual
Occupancy by: Owner+T
Address: 1200 Tapscott Road , Toronto, M1X 1M5, Toronto
Postal Code: M1X 1M5
Province/State: Toronto
Legal Description: PCL BLK 7-1, SECT M2205 BLK 7, 66M2205;
Directions/Cross Streets: Tapscott Rd. & Passmore Ave.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Category: Multi-Unit
Building Percentage: T
Total Area: 41,679
Total Area Code:  Square Feet
Office/Appartment Area: 9601
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Approximatly Age: 31-50
Maintenance: 0
Sprinklers: Yes
Rail: N
Soil Test: Environmenta
Clear Height Feet: 18
Truck Level Shipping Doors #: 7
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 3
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Royal Lepage Proalliance Realty

1200 Tapscott Road , Toronto, M1X 1M5, Toronto

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

 
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At a Glance:
Type: Com - Industrial
Area: Toronto
Municipality: Toronto E11
Neighbourhood: Rouge E11
Style:
Lot Size: x 218.43(Feet)
Approximate Age: 31-50
Tax: $74,557
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
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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