This industrial property in Vaughan is for sale offering roughly 18,193 sq ft of space. It has been on the market 60 days, fresher than the Vaughan average of 65 days.
Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18,193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3,600/month each ($7,200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25,000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors. (id:66096)
Property Details
MLS®
N13749096
Property Type
Industrial
Zoning
Prestige Mixed-Use II
Bathrooms
4
Interior Size
18,193 ft²
Frontage
1 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$50,011/yr
Listed
60 days ago
Features
Appliances
Furniture
Lot Features
Irregular lot size
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
60d
Vaughan (Concord) listings, avg age
65d
Price / ft²
$544
List price
$9.89M
Long Listed: 60 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 60
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 60 days, which is 5 days fresher than the city average of 65. Act while there is still low competition.
Listed by KELLER WILLIAMS ADVANTAGE REALTY · JESSICA ZAVATTIN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4K)
This home lists at $9,888,888, about 107.5× the local median household income of $92,000.
Carrying it typically needs a household income of about $1,931,646 (20% down, 25-yr amortization, stress-tested) — roughly 2000% 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)
$9,888,888· $544/ft²
For sale
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