$14,900,000

For sale

Book a showing

1200 Tapscott Road, Toronto (Rouge) - Industrial for Sale

1200 Tapscott Road, Toronto (Rouge), Ontario, M1X1M5

6 baths41,679 ft²2.00 acres lot sizeListed 105 days ago

Overview

This industrial property in Toronto is for sale offering roughly 41,679 sq ft of space.

Industrial Properties for Sale in Toronto →All real estate in Toronto →

Description

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. (id:66096)

Property Details

MLS®: E13594820
Property Type: Industrial
Zoning: E0.7
Bathrooms: 6
Interior Size: 41,679 ft²
Lot Size: 2.00 acres
Frontage: 360 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $74,557/yr
Listed: 105 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

105d

Toronto (Rouge) listings, avg age

53d

Price / ft²

$357

List price

$14.90M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This industrial in Toronto (Rouge) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by Royal Lepage Proalliance Realty · Ken Barrick

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1X)

This home lists at $14,900,000, about 122.1× the local median household income of $122,000.

Carrying it typically needs a household income of about $2,910,492 (20% down, 25-yr amortization, stress-tested) — roughly 2286% above the area median.

Median household income: $122,000
Population: 14,810
Median age: 38.4
Owner / renter: 88% / 12%
Avg. household size: 4

Source: Statistics Canada, 2021 Census (FSA M1X)

$14,900,000· $357/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →