O'Connor-Parkview · M4B 3H3
$4,499,000
MLS® #E13164052
About This Property
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.
General Information
Building & Mechanicals
Parking & Garage
Lot & Land
Taxes
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Estimated monthly payment
$22,102
Down payment: $899,800 · Loan: $3,599,200
Estimate only. Actual rates and payments vary by lender.
Listing Information
Listing courtesy of:
ROYAL LEPAGE SIGNATURE REALTY
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