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$8.8M total
—
Asset Class
Industrial
Size
—
Building class
A
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
89%
Lot Size
2.93 ac
Clear height
22 ft
Loading docks
5
INDUSTRIAL LAND OPPORTUNITY - PREMIER GATEWAY, HALTON HILLS Exceptional opportunity to acquire approximately 2.93 acres of employment land at 16622 Steeles Ave, in the heart of the Premier Gateway Employment Area - the Town of Halton Hills' prestige employment corridor and one of the GTA West's most active industrial nodes. The property includes an existing bungalow house/office of 2,361 SF and is fully fenced and gated. The site is a true rectangle - 198 FT of frontage on Steeles Ave by 648 FT of depth - a clean, efficient configuration that offers a wide range of future design and build opportunities, with the existing building providing immediate utility while plans take shape. Exceptional connectivity with quick access to Hwy 401 and Hwy 407, offering efficient routes for logistics, strong exposure on Steeles Ave, and long-term value within the Halton Hills Premier Gateway Employment Area. Surrounded by major big-box logistics and employment investment: Prologis Halton Hills Gateway (1.3M SF at Trafalgar Rd & Steeles Ave), the 775,000 SF QuadReal/First Gulf development at Steeles Ave & Fifth Line, Milton's Derry Green corporate park minutes west, and Toronto Premium Outlets approx. 5 minutes west at Steeles & Trafalgar. Designated within the Premier Gateway Employment Area and zoned 401 Corridor Gateway (G)H. Buyers are advised to conduct their own due diligence regarding zoning permissions, servicing, and site design requirements. (id:66811)
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Monthly debt service
$41K
Projected NOI
$395K
Annual cash flow
$-93K
Cash-on-cash
-3.51%
DSCR
0.81
Going-in cap
4.49%
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.
Trade area within 3 miles of the property.
Population
68,310
Households
32,063
Median income
$126,000
Median age
37.3
Daytime population
95,064
5-yr growth
5.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 16622 STEELES AVENUE, Halton Hills (Rural Halton Hills).
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.