Expansive paved and unpaved commercial lot featuring multiple parked vehicles, surrounded by commercial buildings and mature trees Features: industrial view More Photos

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    For Sale - 49 Cranfield Road, Toronto, Ontario

    Est payment $21,604/mo
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    Views   2
    Time on Jump  31 day

    AI Summary *

    • 1.33 acres of prime Employment Industrial land available for development.
    • Current income from two industrial outdoor storage tenancies in place.
    • Zoning allows for a self-storage facility with approved architectural plans.
    • Potential for industrial condo development based on nearby projects.
    • Strategic location in O'Connor-Parkview with easy access to major routes.




    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 IDE13164064
    Address49 Cranfield Road
    CityToronto, Ontario
    Price$4,499,000
    StyleLand
    Land Size1.33
    TypeVacant Land
    StatusFor Sale

    Subtype LandSewer 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