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    For Sale - 231 Millway Avenue Unit# 7, 8 , 23, Vaughan, Ontario

    Est payment $57,089/mo
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    Views   3
    Time on Jump  34 day

    AI Summary *

    • Three separate industrial units totaling 18,193 sq. ft. for flexible use.
    • 20% office/showroom space plus essential facilities for various operations.
    • Current leases provide $7,200/month income for interim use or investment.
    • Prominent corner location offers easy access to major highways and transit.
    • Potential for future value growth with new mixed-use designations in the area.




    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.
    Listing IDN13749096
    Address231 Millway Avenue Unit# 7, 8 , 23
    CityVaughan, Ontario
    Price$11,888,888
    Bath4 Full
    StyleIndustrial
    Land Size18193
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype IndustrialCommunity Features Major Highway, Public TransitHeating / Cooling Gas Forced Air Closed

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    Listing Brokerage: KELLER WILLIAMS ADVANTAGE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    231 Millway Avenue Unit# 7, 8 , 23
    Vaughan , Ontario
    4 $11,888,888
    Get more info