For Sale14,999,000
Intersection:
Ellesmere/Kennedy Rd
Address:
1309 Kennedy Road, Toronto, ON, M1P 2L6
Features
Land Size:
166.21 X 680.85Feet
Industrial Area:
40761Sq Ft
Annual Property Taxes (estimate):
Annual116,559.26 / 2024 Tax Year Annual
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.