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49 Cranfield RD Toronto E03, ON M4B 3H3
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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 E13164064
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
Zoning E 1.0 (x229) Employment industrial
Exterior
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE SIGNATURE REALTY