49 CRANFIELD ROAD
Property Details
M4B3H3
Vacant Land
Description
MLS®: E13164064 Type: Vacant Land Lot Size: 1.33 ac Postal Code: M4B3H3
Brokerage: ROYAL LEPAGE SIGNATURE REALTY Agent: WILLIAM KENNETH IRONS
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. (42957676)
Location
Address
49 CRANFIELD ROAD
City
Toronto (O'Connor-Parkview)
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