This industrial property in Toronto is for sale offering roughly 1,450 sq ft of space. It has been on the market 28 days, fresher than the Toronto average of 75 days.
Rare opportunity to acquire an industrial condominium unit together with an established laboratory business, laboratory equipment, and a range of specialized regulatory licenses and permits. The business operation includes laboratory equipment and regulatory approvals associated with pharmaceutical, cosmetic, natural health product, controlled substance, cannabis analytical testing, cannabis research, and related laboratory services. Regulatory licenses/permits include: Health Canada DEL (Drug Establishment License) covering pharmaceutical, cosmetic and Natural Health Products; CDS License (Controlled Drug Substance License) with an approved list of substances; Cannabis Analytical Testing License; and Cannabis Research License. The operation also includes an Alcohol Users License for the use of alcohol as a solvent. The purchaser must satisfy all applicable regulatory requirements and must be capable of transferring or obtaining the required licenses and permits under the purchaser's own name or through a qualified individual, including a person meeting the required Chemist/qualified personnel requirements, as applicable. Sale is subject to the purchaser's satisfactory due diligence, confirmation of eligibility, and approval/transfer of all applicable licenses and permits by the relevant regulatory authorities. Purchaser and purchaser's advisors are responsible for independently verifying all licenses, permits, regulatory requirements, equipment, business operations, and permitted uses prior to completing the transaction. Business, laboratory equipment, licenses and permits are being offered together with the industrial condominium unit, subject to mutually agreed terms and applicable regulatory approvals. (id:66096)
Property Details
MLS®
E13871580
Property Type
Industrial
Zoning
Industrial Condo
Bathrooms
2
Interior Size
1,450 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$3,130.7/yr
Listed
28 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
28d
Toronto (Agincourt South-Malvern West) listings, avg age
75d
Price / ft²
$2,064
List price
$2.99M
Extended: 28 days on market, against an average age of 75 days across the listings currently for sale in this city
Market timing · days on market0 → 75d avg age of current listings
Extended · day 28
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 (Agincourt South-Malvern West) has been listed for 28 days, which is 47 days fresher than the city average of 75. Act while there is still low competition.
Listed by RE/MAX ACE REALTY INC. · SELVAN KASIPILLAI
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (M1S)
This home lists at $2,993,000, about 37.0× the local median household income of $81,000.
Carrying it typically needs a household income of about $584,638 (20% down, 25-yr amortization, stress-tested) — roughly 622% 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)
$2,993,000· $2,064/ft²
For sale
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