15 CURITY AVENUE

Toronto (O'Connor-Parkview), ON M4B1X4

New Price 57,000 Sq. Ft. Industrial Commercial Space | Eglinton / Don Valley Toronto | Motivated Seller! Rare opportunity to secure a 57,000 sq. ft. industrial warehouse on a 70,000 sq. ft. site in Toronto's Eglinton/Don Valley corridor, minutes from downtown and major 400-series highways. Approx. 15% of the building is office space; the balance is industrial/warehouse with ceiling heights up to 19 ft, multiple loading positions, and up to 2,000 Amps of power (currently equipped with 600 Amps). The building is in good condition (inspection report available) and was appraised at $19.5M. Due to the sellers need for liquidity and approx. $500,000 in optional remediation work remaining for some groundwater cleanup (approx. $600,000 already spent) the property is offered at a significantly reduced price. The seller is open to negotiating the cost of the remaining remediation. The property has a mortgage and can be financed; a lender has expressed interest in providing up to $12M as a first mortgage based on the buyers profile. Documentation includes a risk assessment, two Phase 2 reports (spanning 10 years), building inspection, survey, floor plans, appraisal, and remediation work completed details. A free consultation with the company that conducted the work can be arranged as part of the due diligence of an offer, to better understand what has been done . Flexible E1 zoning allows a wide range of uses: warehousing, manufacturing, storage, shipping terminals, renewable energy, and more. Floor plate can be subdivided for multi-tenant use. The property features lower property taxes compared to similar assets, outstanding logistics to add to the value. The property can be offered vacant or with a tenant, depending on the offer. The seller is extremely motivated and committed to a prompt sale, with offers being reviewed on July 25. (id:31684)

Listing courtesy of: CLAUDIO BAIOCCHI of RIGHT AT HOME REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.