115 IRONSIDE Crescent Unit# 9, 10 & 11, Toronto
For Sale · Industrial

115 IRONSIDE Crescent Unit# 9, 10 & 11, Toronto

115 IRONSIDE Crescent Unit# 9, 10 & 11, Toronto, ON M1X1M1

$3.4M total

9,291 SF

Asset Class

Industrial

Size

9,291 SF

Building class

B

Zoning

IM — Medium Industrial

$ / SF

$366

Occupancy

86%

Year Built

1989

Clear height

35 ft

Loading docks

1

About this property

Rare opportunity to own a 9,291 SF contiguous flex industrial condominium (Units 9, 10 & 11 — three separate titles) in the Markham Road / McNicoll employment node. 5,811 SF ground floor plus 3,480 SF finished mezzanine, rebuilt in 2022 with steel I-beams ($300,000), with offices, meeting room, full kitchen and bathroom, served by a goods lift. Front showroom and offices finished to a high standard; clear-span warehouse at the rear with three 16-ft drive-in doors at grade and 600-amp electrical service. 39% office / 61% industrial. Minutes to Highways 401, 404 and 407. Realty taxes $21,276 (2025). Ideal for an owner-user or investor — units can be separated and sold or leased individually. Showings by appointment only; occupied and operating. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.40M
Down payment30% · $1.02M
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$16K

Projected NOI

$141K

Annual cash flow

$-47K

Cash-on-cash

-4.61%

DSCR

0.75

Going-in cap

4.16%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP7,962 SF2029-08

Area demographics

Trade area within 3 miles of the property.

Population

78,657

Households

31,733

Median income

$98,000

Median age

45.1

Daytime population

81,717

5-yr growth

8.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 115 IRONSIDE Crescent Unit# 9, 10 & 11, Toronto.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.