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.
Address
49 Cranfield Road
List Price
$3,995,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto E03
Sub-Area
O'Connor-Parkview
Region
Toronto
Lot Depth
411.89
Lot Type
Lot
Lot Size Units
Feet
Lot Width
20.18
Parcel Number
103750311
Total Building Area
1.33
Occupant Type
Tenant
Cross Street
Cranfield Rd & Northline Rd
MLS® Number
E13590858
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Postal Code
M4B 3H3
Posession Details
ASAP
Tax Amount
$16,924.53
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
No
Garage Type
Outside/Surface
Tax Legal Description
PART OF BLOCK D, PLAN 3683 EAST YORK, DESIGNATED AS PARTS 4, 5 & 6 PLAN 66R-19367 ; S/T IN FAVOUR OF PT BLK B PL3281 & PT BLK D PL3683, PT 1 64R9635 OVER PT 2 66R-18914 AS IN EY85557, EAST YORK, CITY OF TORONTO. , CITY OF TORONTO
Sewer
None
