1309 Kennedy Road, Toronto (Dorset Park), Ontario, Canada, M1P2L6
1309 Kennedy Road, Toronto (Dorset Park), Ontario, Canada, M1P2L6Basics
- Date added: Added 1 week ago
- Category: Retail
- Area: 3 sq ft
- Lot size: 2.598 sq ft
- SubdivisionName: Dorset Park
- ListOfficeName: ROYAL LEPAGE SIGNATURE REALTY
- MLS ID: E12185868
Description
-
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. (id:62692)
Show all description
Building Details
- Sewer: Sanitary sewer
Amenities & Features
- Waterfront available: No
- OpenParkingYN: No
- AttachedGarageYN: No
- GarageYN: No
- CarportYN: No
- PoolYN: No
- CoolingYN: Yes
- Cooling: Partially air conditioned
- Total Fireplaces: 0