49 Cranfield Road
Toronto, M4B 3H3
FOR SALE
$4,499,000
➧
➧
Land
CATEGORY20.18 x 411.89
LOT SIZEE13164064
MLSIDContact Us
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.
Call
Property Details
Address
49 Cranfield Road
Community
City
Postal Code
M4B 3H3
Property Type
Land, Land
Use
Designated
Zoning
E 1.0 (x229) Employment industrial
Lot Size
20' x 412'
Acreage
1.3 Feet
Taxes
$16,925 (2025
Call
Listing contracted with Royal Lepage Signature Realty
Call