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49 Cranfield RD Toronto E03, ON M4B 3H3
1 Sqft Lot
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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
Lot Size 1 Sqft
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
Exterior
Utilities Available Available
Lot Frontage 20.18
Lot Depth 411.89
Others
ParcelsYN No
Listed by ROYAL LEPAGE SIGNATURE REALTY
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