49 Cranfield Road Toronto, Ontario M4B 3H3
$4,499,000
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. (id:63616)
Property Details
| MLS® Number | E13164064 |
| Property Type | Vacant Land |
| Community Name | O'Connor-Parkview |
Building
| Size Interior | 622,294 Ft2 |
Land
| Acreage | No |
| Size Depth | 411 Ft ,10 In |
| Size Frontage | 20 Ft ,2 In |
| Size Irregular | 20.18 X 411.89 Ft |
| Size Total Text | 20.18 X 411.89 Ft |
| Zoning Description | E 1.0 (x229) Employment Industrial |
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May 22 2026 09:03:19
Toronto Regional Real Estate Board
Royal LePage Signature Realty