149 MILVAN DRIVE, Toronto (Humber Summit), Ontario, M9L1Z8

Property Description

Fully leased two-unit industrial facility in North York on Milvan Drive between Steeles Avenue and Islington Avenue. Available for the first time in over 60 years. Very well maintained building consisting of 2 units each with multiple drive-in shipping doors. Flexible E1 zoning allows for many different business operations from warehousing and manufacturing to automotive uses. The building has 4 total drive-in doors with 2 doors measuring 10 feet by 10 feet and two doors measuring 10 feet by 12 feet. Large, fenced and paved rear yard offering the possibility of open storage. There are windows throughout the building including all office areas and warehouse areas. The property is 100% leased with leases expiring at the end of 2026 with vacant possession possible thereafter. Excellent opportunity for a future owner occupier with holding income. Both tenants would like to stay, but leases do expire at the end of 2026.The building has functional office layouts spread over two floors, but is in need of some cosmetic updating. Each half of the building has approximately 2,000 sq. ft. of office space with approximately 3,150 sq. ft. of warehouse/manufacturing space for each unit. (id:64974)

Quick Facts

• Property Type: Warehouse
• Bedrooms: None
• Bathrooms: None
• Living Area: 10,330 sq ft (959.7 m²)
• Lot Size: 0.5430 acres (0.22 ha)
• Frontage: 100 ft (30.5 m)

Costs

• Annual Taxes: $35,859.06

Listing Provided by: ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.