1309 Kennedy Road,Toronto E04, ON M1P 2L6
Toronto E04, ON M1P 2L6
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.
Details
| MLS # | E12185868 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 20 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | E12185868 572000 |
Features
| SQ Feet | 113,168 |
|---|---|
| Acreage | 2.60 |
Interior
| Cooling | Partial |
|---|
Taxes
| Property | 116559 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E04 |
| Postal Code | M1P 2L6 |
| Area | Dorset Park |
| Listing VS Median (in M1P 2L6) | |
Price: $14,999,000 low | high Med: $14,999,000 SqFt: 113,168 low | high Med: 113,168 $ / SqFt: $133 low | high Med: $133 On site: 20 low | high Med: 20.000000 | |
 | $14,999,0001309 Kennedy RoadToronto E04, ON M1P 2L6 |