North York · For sale
14 Toro Road
1 / 18Property overview
Freestanding industrial investment opportunity situated on just under half an acre in the highly sought-after York University Heights area. Ideally located just off Keele Street, south of Finch Avenue, with excellent exposure and convenient access to rapid transit. The building offers clear heights ranging from approximately 12 to 18 feet and flexible zoning permitting a variety of uses, including automotive. Fully tenanted with a long-term lease, annual rent escalations and two additional five-year renewal options. Currently generating an approximate 4.6% capitalization rate. Located in a rapidly transitioning neighbourhood experiencing substantial development and a diminishing supply of industrial and office properties-providing excellent long-term upside and potential future redevelopment opportunities. The seller will complete exterior re-stuccoing and has recently completed Phase III environmental remediation at the rear of the property. An exceptional opportunity to acquire a well-located income-producing property with strong future potential.
- Size
- 8,928 sq ft
- Property use
- Free Standing
- Transaction
- For sale
- Clear height
- 12′
- Shipping doors
- 3 drive-in
- Industrial area
- 6,615 sq ft
- Office area
- 2,313 sq ft
- Freestanding
- Yes
- Rail
- No
- Lot
- 80 x 248.09 feet
- Cross street
- Keele St and Finch Ave
- Possession
- TBA
- Municipality
- North York, Toronto
- Neighbourhood
- York University Heights
- Postal code
- M3J 2A7
- MLS®
- W13772610
Listing information and trademarks
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Listed by VERTICAL MARKETING REALTY. Joe Rosati is a Sales Representative with Lennard Commercial Realty, Brokerage.