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    For Sale - 116 Rayette Road, Vaughan, Ontario

    Est payment $85,474/mo
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    Time on Jump  57 day

    AI Summary *

    • Freestanding industrial building on a substantial lot with approximately 40,056 sq. ft. of total floor area.
    • Warehouse offers 18–22 ft. clear heights, seven truck-level doors, and three drive-in doors.
    • More than 60 parking spaces and 1,600-amp, three-phase electrical service.
    • Layout could accommodate up to 11 units, subject to municipal approvals.
    • Quick access to major highways and approximately 20 minutes from Toronto Pearson Airport.




    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.
    Listing IDN13733544
    Address116 Rayette Road
    CityVaughan, Ontario
    Price$17,800,000
    Bath6 Full
    StyleIndustrial
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype IndustrialBasement 1Heating / Cooling Gas Forced Air Closed

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    116 Rayette Road
    Vaughan , Ontario
    6 $17,800,000
    Get more info