124 Manville Rd
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124 Manville Rd
19,700 SF Vacant Industrial Building Toronto, ON M1L 4J5 $6,800,000 CAD ($345 CAD/SF) 6% Cap Rate
Executive Summary
Rare opportunity to acquire a two-story industrial building housing a total of 7 tenants, centrally located in Scarborough at Warden Ave & Eglinton Ave. This property spans 19,700 sq. ft. and sits on a generous 1.346 acre lot. Comprising 7 units with varying ceiling heights ranging from 12 ft to 16 ft, all units are currently leased on a month-to-month basis. The property offers versatile permitted uses including mechanic shops, body shops, and outside storage, with the added bonus of a gated impound facility. A total of 95 parking spaces are provided, including 30 car spots within the fenced impound facility. Gross rent collected totals $25,500 + HST, with the landlord responsible for property taxes, insurance, and utilities. There is potential to increase rental income. This property presents a unique opportunity for end-users, as buyers can occupy 2 units while collecting rent from the remaining 5 units.
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124 Manville Rd
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