O'Connor-Parkview, M4B 3H3
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.
Features
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Category:
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Total Area: 57,813 sqft
- Industry Area: 57,813 sqft
- Parking Types: Outside/Surface
Details
- Zoning: E 1.0 (x229) Emp
- Tax: $ 16,925
- Alcohol Allowed: N
- Features: Major Highway, Public Transit
- E13164052
- Listing contracted with: ROYAL LEPAGE SIGNATURE REALTY
