49 Cranfield Road, Toronto (OConnor-Parkview), Ontario M4B3H3
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY.
- $3,995,000
- 1
- SqFt
- List Price
- $3,995,000
- MLS®
- E13590858
- Days on Market
- 5
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Industrial
- Living Area
- 1
- Lot Size Dimensions
- 1.33
- Lot Size
- 57,934
- Subdivision
- O'Connor-Parkview
Property Description
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. (id:5764)
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Additional Information
- Subdivision
- O'Connor-Parkview
- Cooling
- None
- Country
- Canada
- Heating
- Forced air, Natural gas
- Lot Size
- 57,934
