Excellent investment opportunity to acquire a sought-after freestanding M1-zoned industrial building in Vaughan. Situated on a substantial lot with approximately 201.43 ft. of frontage and 433.11 ft. of depth, the property offers 40,056 sq. ft. of total floor area, including approximately 34,500 sq. ft. of industrial space, 5,000 sq. ft. of office space, and an additional 1,000 sq. ft. basement area plus approximately 1000 sq.ft mezzanine. The warehouse features clear heights ranging from approximately 18 to 22 ft., including a portion with 20 ft. clear height. Shipping capabilities include seven truck-level doors and three drive-in doors. Additional features include 9 front entrances, 9 separate water and hydro meters, rear garage/loading doors, five separate office entrances, six washrooms, a change room, sprinklers, gas-forced-air heating, and more than 60 on-site parking spaces. Heavy electrical power includes 1,600 amps, 208 volts, three-phase, four-wire service. An Electrical Safety Authority Certificate of Inspection is available. The building's configuration offers the potential to divide the property into as many as 11 separate units, each with a front entrance and rear garage/loading door, subject to municipal approvals. Ideally suited to service, warehousing, manufacturing, and distribution businesses. The property is currently tenanted at a net rental rate of $18.00 per sq. ft., plus $4.50 per sq. ft. TMI. From March 1st, 2027 the Tenant will pay $19 per sq.ft plus $4.50 TMI. The tenancy expires March 1, 2028, presenting an attractive opportunity for investors or future owner-users. Conveniently located with quick access to Highways 7, 27, 407, and 427, and approximately 20 minutes from Toronto Pearson International Airport. The Roof has been replaced 10 years ago. The existing tenant may remain, subject to mutual agreement between the Buyer and the Tenant. (id:66096)
Property Details
MLS®
N13733544
Property Type
Industrial
Zoning
M1
Bathrooms
6
Parking
60
Lot Size
201 × 433 ft (2.00 acres)
Frontage
202 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$77,084.73/yr
Listed
64 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
64d
Vaughan (Concord) listings, avg age
65d
List price
$16.50M
Long Listed: 64 days on market, against an average age of 65 days across the listings currently for sale in this city
Market timing · days on market0 → 65d avg age of current listings
Long Listed · day 64
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
Haho
This industrial in Vaughan (Concord) has been listed for 64 days, which is 1 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4K)
This home lists at $16,500,000, about 179.3× the local median household income of $92,000.
Carrying it typically needs a household income of about $3,223,028 (20% down, 25-yr amortization, stress-tested) — roughly 3403% above the area median.
Median household income
$92,000
Population
20,172
Median age
37.6
Owner / renter
68% / 32%
Avg. household size
2.6
Source: Statistics Canada, 2021 Census (FSA L4K)
$16,500,000
For sale
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