1309 Kennedy Road, Toronto, ON M1P 2L6

Toronto E04 M1P 2L6 Ontario

MLS: E12185868

$14,999,000

Added 17 hours ago | For Sale

Listed by: ROYAL LEPAGE SIGNATURE REALTY

About Property

Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22,136 SF) and 1309 Kennedy Rd (18,625 SF), situated on a combined 2.598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811,745, with an estimated net operating income (NOI) of over $660,000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto's most active and well-connected employment nodes.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 166.21 X 680.85
  • Water:Municipal
  • Garage Spaces: /Plaza
  • Driveway:
  • Heating Fuel:
  • Cross Street:Ellesmere/Kennedy Rd
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $116559.26
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Fan Coil
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:E12185868

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