1 / 449 CRANFIELD ROAD
Toronto (O'Connor-Parkview), Ontario, M4B3H3
$3,995,000
Living area
1
Lot size
1 acres
About this property
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. (id:66779)
Details
- Cooling
- None
- Heating
- Forced air, Natural gas
- List aor
- Toronto
- Directions
- Cross Streets: Cranfield Rd & Northline Rd. ** Directions: Rd; south on Cranfield Rd. Shared driveway access.From DVP exit Eglinton Ave E eastbound; south on O'Connor Dr; west on Bermondsey.
- Fireplace
- No
- Tax annual amount
- 16,924.53
- Lot size dimensions
- 1.33
- Zoning description
- E 1.0 (x229) Employment industrial
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