Description

18,727 sqft freestanding building situated on a rare corner lot along a high-traffic corridor in central Scarborough. **Clear ceiling height is 17'9".** Excellent accessibility with quick connections to Highways 401 and 407, as well as public transit. The property offers additional land for outdoor storage and features 2 truck-level doors plus 2 drive-in doors for efficient shipping and receiving. Currently configured as a granite and marble fabrication facility, with existing infrastructure in place. Upgraded power service includes 400 amps at 600 volts (347/600V, 3-phase, 4-wire). (id:66096)

Property Details

MLS®: E13544870
Property Type: Industrial
Business Type: Manufacturing
Zoning: E 0.7
Interior Size: 18,727 ft²
Lot Size: 1.18 acres
Frontage: 181 ft
Heating: Radiant heat
Cooling: Fully air conditioned
Property Tax: $55,803.31/yr
Listed: 118 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

118d

Toronto (Agincourt South-Malvern West) listings, avg age

74d

Price / ft²

$481

List price

$9.00M

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

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Area context

Neighbourhood profile (M1S)

This home lists at $8,999,000, about 111.1× the local median household income of $81,000.

Carrying it typically needs a household income of about $1,757,820 (20% down, 25-yr amortization, stress-tested) — roughly 2070% above the area median.

Median household income: $81,000
Population: 37,663
Median age: 44.4
Owner / renter: 75% / 25%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1S)

$8,999,000· $481/ft²

For sale

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Financing

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411 Nugget Avenue, Toronto (Agincourt South-Malvern West) - Industrial for Sale