Description

 Price: $ 4,499,000.00 MLS^®: E13164052         Location : 49 Cranfield Road, Toronto E03, ON M4B 3H3

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.

Location Description

Cranfield Rd & Northline Rd

Property Details

• Community: O'Connor-Parkview
• Property Type: Tenant/Commercial
• Garages: Outside/Surface

Building Features

Features

• Heating: Gas Forced Air Closed
• Sewer: None ,