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$14,999,000
Available - For Sale
Listing ID: E12185866
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.
Price $14,999,000
Taxes: $116,559.26
Tax Type: Annual
Occupancy by: Tenant
Address: 1309 Kennedy Road , Toronto, M1P 2L6, Toronto
Postal Code: M1P 2L6
Province/State: Toronto
Legal Description: LT 20 REGISTRAR'S COMPILED PLAN 9846 SCA
Directions/Cross Streets: Ellesmere/Kennedy Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Unit
Use: Warehouse
Building Percentage: T
Total Area: 2.6
Total Area Code:  Acres
Office/Appartment Area Code: Sq Ft
Financial Statement: F
Chattels: F
Franchise: F
Days Open: V
Maintenance: 0
Sprinklers: Part
Rail: N
Clear Height Feet: 14
Truck Level Shipping Doors #: 0
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 0
Grade Level Shipping Doors #: 0
Heat Type: Fan Coil
Central Air Conditioning: Partial
Sewers: Sanitary
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ROYAL LEPAGE SIGNATURE REALTY

1309 Kennedy Road , Toronto, M1P 2L6, Toronto


 
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At a Glance:
Type: Com - Industrial
Area: Toronto
Municipality: Toronto E04
Neighbourhood: Dorset Park
Style:
Lot Size: x 680.85(Feet)
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Tax: $116,559.26
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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