49, Cranfield, O'Connor-Parkview, Toronto, Commercial
MLS® Number E13590858
For Sale $ 3,995,000
- 87120 SQFT
Description
Commercial Investment For Sale.
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.
Cross Street: Cranfield Rd & Northline Rd
Key Facts
- Days on: 0 days
- Mls Status: Sold Conditional
- Lot Type: Lot
- Lot Width: 20.18
- Garage Type: Outside/Surface
- Heat Type: Gas Forced Air Closed
- Cooling: No
- Building Area Total: 1 Acres
- Lot Size Area: 1 Acres
Location 49, Cranfield, O'Connor-Parkview, Toronto
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