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$ 1
Est. payment | /mo
4 Baths
18,193 SqFt
$ 1
Est. payment | /mo
4 Baths
18,193 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 18,193 sqft
Price per Sqft $0
Subdivision Concord
MLS Listing ID N13749096
Condo Fees $1,960
Annual Tax Amount $50,011
Tax Year 2025
Property Sub-Type Industrial
Property Description
Exceptional owner-user and investment opportunity Vaughan's premier employment district. Offering consists of three legally separate industrial condominium units approximately 18,193 sq. ft., currently operating as one seamless facility with no separating demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. The property features approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, making it ideal for food processing, cold storage, distribution, manufacturing and specialty operations. Two separately leased spaces currently generate $3,600 per month each ($7,200/month total), providing attractive holding income while occupying or planning for future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and a new mezzanine staircase (estimated $25,000 to complete), giving a purchaser a head start on value-add improvements already in progress. The property has received approval for Prestige Mixed-Use designation, creating significant long-term redevelopment potential. Ownership believes the approved planning framework may provide substantial future value enhancement, with potential upside estimated at more than $300 per square foot, subject to purchaser verification, approvals and independent due diligence. Ideally situated on a prominent corner within a well-maintained industrial complex with excellent exposure along Millway Avenue and immediate access to Highways 400, 407 and Highway 7, just minutes from Vaughan Metropolitan Centre subway station. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with immediate income and exceptional long-term upside in one of Vaughan's fastest-growing employment and mixed-use corridors.
Location
Province ON
County York
Area York
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 1.0
Lot Depth 1.0
Building
Building Age 31-50
Others
Security Features Yes
ParcelsYN No
Listed by KELLER WILLIAMS ADVANTAGE REALTY
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