28
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$14,999,000
Est. payment /mo
2 SqFt
New
1309 Kennedy RD Toronto E04, ON M1P 2L6
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $7,499,500
Subdivision Dorset Park
MLS Listing ID E12185868
Annual Tax Amount $116,559
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Toronto
Community Dorset Park
Area Toronto
Zoning ME & MC
Interior
Cooling Partial
Exterior
Parking Features Plaza
Utilities Available Available
Building
Lot Description Building
Lited by ROYAL LEPAGE SIGNATURE REALTY