For Sale14,999,000

For Sale
 
MLS® No:
E12185866
Intersection:
Ellesmere/Kennedy Rd
Community:
Dorset Park
Address:
1309 Kennedy Road, Toronto, ON, M1P 2L6
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo
  • E12185866 photo

Features

Property Type:
Industrial
Land Size:
166.21 X 680.85Feet
Industrial Area:
40761Sq Ft
Clear Height:
14'9''
Possession:
120
Annual Property Taxes (estimate):
Annual116,559.26 / 2024 Tax Year Annual
Garage Type:
Plaza
Heat Type:
Fan Coil
Outside Storage:
N
Central AC:
Partial
Ensuite Laundry:
N
Zoning:
ME & MC
Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22, 136 SF) and 1309 Kennedy Rd (18, 625 SF), situated on a combined 2. 598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811, 745, with an estimated net operating income (NOI) of over $660, 000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto's most active and well-connected employment nodes.
Listing Contracted With: Royal Lepage Signature Realty, Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Want More Information? Contact Me Now!
 
 
 
 
 
Phoebe LiSales RepresentativeDirect: 647-302-5777Bus: 905-597-0800