49 Cranfield RD, Toronto E03, ON M4B 3H3
49 Cranfield RD, Toronto E03, ON M4B 3H3
49 Cranfield RD, Toronto E03, ON M4B 3H3
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Christine Domina

Christine Domina

+1(416) 873-4747
$3,995,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

Municipality Toronto E03

Subdivision O'Connor-Parkview

MLS Listing ID E13590670

Annual Tax Amount $16,924

Tax Year 2025

Property Sub-Type Land

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.

Location

Province ON

County Toronto

Community Toronto E03

Area Toronto

Exterior

Utilities Available Available

Lot Frontage 20.18

Lot Depth 411.89

Others

ParcelsYN No

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Listed by ROYAL LEPAGE SIGNATURE REALTY

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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