$4,499,000.00

49 CRANFIELD ROAD, Toronto (O'Connor-Parkview), Ontario, M4B3H3, Canada Listing ID: E13164064
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Bathrooms Bedrooms Property Type
Vacant Land

Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A & Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent. (id:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 23 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 49 CRANFIELD ROAD (E13164064)
Additional Information
Amenity Near By
Features
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership
Parking
Transaction For sale
Building
Fireplace Present
Size Interior 622294 sqft
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