20 Sherry Road
Toronto, M1L 4J5
FOR SALE
$3,500,000

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Investment
CATEGORY750 Sq Ft
OFFICE/APT AREAE12805016
MLSIDContact Us
Property Description
Excellent Investment Opportunity In The Heart Of Scarborough's Golden Mile! Located On A Prime Clean Lot Near Warden Ave And Eglinton Ave, This High-Income-Producing, Brand New Free-Standing Industrial Building Offers Approx. 3,750 Sq. Ft. Of Multi-Tenant Space With Approx. 22-Foot Clear Height. Featuring 3 Motor Vehicle Service Units, Each Unit Includes Two Large Drive-In Doors, A New Heating & Electrical System, And 3-Phase, 200-Amp, 600-Volt Power. All Units Are Currently Leased, Providing Stable Cash Flow With A Strong Cap Rate, And Significant Upside For Future Income Growth Golden Mile Secondary Plan, Which Will Allow For The Redevelopment Of Land Along The New Crosstown LRT Route, End-User Occupancy, Or Redevelopment Potential. Zoning Allows For A Range Of Uses Including Automotive Service, Repairs, Warehousing, Manufacturing, Distribution, And Offices. Conveniently Located Steps From TTC Bus Routes, And Surrounded By Complementary Businesses Including Auto Parts Suppliers And Dealerships. Please Do Not Approach Or Disturb Tenants.
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Property Details
Address
20 Sherry Road
Community
City
Postal Code
M1L 4J5
Property Type
Investment, Investment
Use
Industrial
Zoning
Commercial
Lot Size
73' x 178'
Office Area
750 Sq Ft
Industrial Area
3,000 Sq Ft
Taxes
$22,692 (2025
Heat Type
Other
Water
Municipal
Garage Type
Plaza
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Listing contracted with Property.Ca Inc.
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