14 Toro Road, Toronto, Ontario, Canada, M3J2A7

4,300,000
for Sale

About the property:

Freestanding industrial investment opportunity situated on just under half an acre in the highly sought-after York University Heights area. Ideally located just off Keele Street, south of Finch Avenue, with excellent exposure and convenient access to rapid transit. The building offers clear heights ranging from approximately 12 to 18 feet and flexible zoning permitting a variety of uses, including automotive. Fully tenanted with a long-term lease, annual rent escalations and two additional five-year renewal options. Currently generating an approximate 4.6% capitalization rate. Located in a rapidly transitioning neighbourhood experiencing substantial development and a diminishing supply of industrial and office properties-providing excellent long-term upside and potential future redevelopment opportunities. The seller will complete exterior re-stuccoing and has recently completed Phase III environmental remediation at the rear of the property. An exceptional opportunity to acquire a well-located income-producing property with strong future potential.

Extra info:

Rare investor opportunity for a property with a strong long-term tenant. Area:19,837.87 ft(0.455 ac).
Industrial false
Property Type:
Industrial
Status:
for Sale
Land Size:
80 x 248.09 FT
Business Type:
Commercial/Retail
Heating Type:
Gas Forced Air Open
Cross Street:
Keele St and Finch Ave
Annual Property Taxes:
32,015.70
Listing ID:
W13772610

Rooms

Dimensions

Brokered by:
Vertical Marketing Realty
Source: TRREB/PROPTX
Presented By:

Gary Nusca,

CCIM, CIPS, Broker

Bridgecan Realty Corp., Brokerage*