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    For Sale - 49 Cranfield Road, Toronto, Ontario

    Est payment $21,604/mo
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    Views   1
    Time on Jump  4 day

    AI Summary *

    • 1.33 acres of prime Employment Industrial land available for development.
    • Projected stabilized NOI of $242,087 from current tenancies.
    • Zoned E 1.0, allowing for outdoor storage uses.
    • Includes architectural plans for a large self-storage facility.
    • Potential for industrial condo development based on nearby projects.




    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.
    Listing IDE13164052
    Address49 Cranfield Road
    CityToronto, Ontario
    Price$4,499,000
    StyleInvestment
    Land Size1.33
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitHeating / Cooling Gas Forced Air ClosedSewer None

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    Listing Agency:  ROYAL LEPAGE SIGNATURE 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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    49 Cranfield Road
    Toronto , Ontario
    $4,499,000
    Get more info