$18,000,000

For sale

61 Maybrook Drive, Toronto (Milliken) - Industrial for Sale

61 Maybrook Drive, Toronto (Milliken), Ontario, M1V4B6

41 parking2.55 acres lot sizeListed 26 days ago

Overview

This industrial property in Toronto is for sale. It has been on the market 26 days, fresher than the Toronto average of 109 days.

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Description

Prime Industrial Opportunity In A High-Demand Location With Close Proximity To Highways 401 & 407. Zoned EH 0.7 Allowing For A Wide Multitude Of Uses (Heavy Employment). Featuring Excellent Logistics Capabilities With Full 53' Trailer Access, Six (6) Truck Level Doors, And One (1) Drive-In Door. Heavy Power Service Available. Equipped With Commercial Internet Service. Ample On-Site Surface Parking. Easily Accessible Via Public Transit. Investment Potential With Renters Currently In Building. Main Floor And Warehouse only, Gross Rental Income (Including TMI) Of $1,024,026 (per year) In 2025. Second Floor and Basement not rented out. Functional Layout. Do Not Disturb Tenants. *** Bonus Basement 4,764 sqft not included in total sqft *** Contact listing agent before submitting offer (id:66096)

Property Details

MLS®: E13881354
Property Type: Industrial
Zoning: EH 0.7
Parking: 41
Lot Size: 2.55 acres
Frontage: 208 ft
Heating: Forced air
Cooling: Partially air conditioned
Property Tax: $103,128.97/yr
Listed: 26 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Toronto (Milliken) listings, avg age

109d

List price

$18M

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 (Milliken) has been listed for 26 days, which is 83 days fresher than the city average of 109. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · HIMAL BALASOORIYA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1V)

This home lists at $18,000,000, about 219.5× the local median household income of $82,000.

Carrying it typically needs a household income of about $3,516,030 (20% down, 25-yr amortization, stress-tested) — roughly 4188% above the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$18,000,000

For sale

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Financing

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