$1,750,000

For sale

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#24 & 25 50 Ritin Lane, Vaughan (Concord) - Industrial for Sale

#24 & 25 50 Ritin Lane, Vaughan (Concord), Ontario, L4K4C9

7 parking4,166 ft²Listed 125 days ago

Overview

This industrial property in Vaughan is for sale offering roughly 4,166 sq ft of space.

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Description

Exceptional Commercial/Industrial Opportunity in the Heart of Vaughan! This impressive 4,000+ sq. ft. commercial/industrial property (Units 24 & 25 combined) offers outstanding versatility for Automotive (M2 zoning hard to come by ) and a wide range of permitted commercial and industrial uses. Featuring 20-foot ceilings, a drive-in bay door, generous warehouse space, and a dedicated storage room, this property is designed for efficient day-to-day operations.The well-designed two-storey office layout provides an excellent balance of warehouse and office space. The main floor includes three private offices, while the upper level features two executive offices and a spacious boardroom, ideal for management, meetings, or client presentations. Additional amenities include two kitchens, three washrooms, one shower, and eight exclusive parking spaces.Ideally situated in the highly desirable Concord industrial district with convenient access to major highways, this turnkey property is an exceptional opportunity for owner-users, growing businesses, or investors seeking a functional, well-appointed commercial space. (id:66096)

Property Details

MLS®: N13513582
Property Type: Industrial
Zoning: m2
Parking: 7
Interior Size: 4,166 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,449.74/yr
Listed: 125 days ago

Features

Appliances: Intercom, Alarm System, Water Heater

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

125d

Vaughan (Concord) listings, avg age

65d

Price / ft²

$420

List price

$1.75M

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

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Listed by MOVETA REALTY INC. · LONDON ANTIPOFF

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4K)

This home lists at $1,750,000, about 19.0× the local median household income of $92,000.

Carrying it typically needs a household income of about $341,836 (20% down, 25-yr amortization, stress-tested) — roughly 272% 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)

$1,750,000· $420/ft²

For sale

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Financing

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