



$175,000
Toronto
236 Canarctic Drive, Toronto (York University Heights), Ontario, M3J2P4
This industrial property in Toronto is for sale offering roughly 2,150 sq ft of space.
Established Machine Shop & Tool & Die Business for Sale (Business Only - No Real Estate)Excellent opportunity to acquire a well-established machine shop specializing in tool & die, Custom Machining, injection Mold maintanance located in a functional industrial space. The premises offer approximately 2,150 sq. ft., including a 400 sq. ft. office area with air conditioning, providing a comfortable workspace for administrative operations. The shop features a 12 ft x 12 ft grade-level shipping door, allowing for easy loading and unloading with fixed Crane. The layout is efficient and suitable for manufacturing, machining, and fabrication operations. Lease Details: Current rent is $3,030/month including TMI. The previous lease expired in April; the current tenant is continuing on the same terms. If needed The purchaser will be required to negotiate and enter into anew lease agreement with the landlord. Operating Costs: Approximate annual expenses for heat, hydro, water, and insurance total $8,500.This is an ideal opportunity for an owner-operator or an expanding business looking to step into an operational setup in a convenient industrial location. Equipment and Machinery List attached. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 185 days on market, against an average age of 66 days across the listings currently for sale in this city
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.
This industrial in Toronto (York University Heights) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $175,000, about 2.3× the local median household income of $75,500.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA M3J)
Pick a time that suits you. A verified local agent confirms within 24h.
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 →