$14,999,000
( $132.54Per Sq Foot )
 $80,518 est/mo Sourced by Back At You

1309 Kennedy Road,Toronto E04, ON M1P 2L6

Toronto E04, ON M1P 2L6

Share:

PreviousNext

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 #E12185866
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site22
Listing Provided ByROYAL LEPAGE SIGNATURE REALTY | E12185866 572000

Features

SQ Feet113,168
Acreage2.60

Interior

CoolingPartial

Taxes

Property116559

Request a showing

Request a showing

Loading Form
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Contact

Learn More About This Property

Tiffany Clout

Tiffany Clout

Momentum Realty

 (905) 935-8001
ProvinceON
RegionToronto
CityToronto E04
Postal CodeM1P 2L6
AreaDorset Park
Listing VS Median (in M1P 2L6)
Price:
$14,999,000
low | high
Med:
$14,999,000
50% of Average
SqFt:
113,168
low | high
Med:
113,168
50% of Average
$ / SqFt:
$133
low | high
Med:
$133
50% of Average
On site:
22
low | high
Med:
22.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $11.249M - $18.748M
SqFt: 84,500 - 141,000
Nearby Listings Property ImageNearby Listings Details
1309 Kennedy Road Property Photo 1
$14,999,000
1309 Kennedy Road
Toronto E04, ON M1P 2L6
Listing Updated: June 3, 2025 at 1:04:17 AM PDT