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7, 8 , 23-231 Millway Ave, Vaughan, ON

Name: 7, 8 , 23 - 231 Millway Ave, For Sale in Vaughan - eXp Realty
Brand: KELLER WILLIAMS ADVANTAGE REALTY
SKU: N13749096
Price: 1 CAD

House

For Sale

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040

MLS® N13749096

Property Details
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Description

Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18, 193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3, 600/month each ($7, 200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50, 000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25, 000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors. (id:58753)Show Description

Key Facts

Levels Commercial Sale

Size 18193 sqft

Taxes $50,011

Days Active 2

MLS® Number N13749096

Central VacNo

FireplaceNo

HeatForced air, Natural gas

A/CFully air conditioned

Additional Information

Landscaping Irregular lot size

Price History

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