$3,995,000
49 Cranfield Road, Toronto, ON M4B 3H3
— beds— baths
Key facts
- MLS®
- E13590858
- Status
- Sold Conditional
- Type
- Investment
- Taxes
- $16,925
- Lot
- 1.33 Feet
- Listed
- 2026-07-21
- Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
- Cross street
- Cranfield Rd & Northline Rd
Description
Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A& Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.