Business For Sale · Industrial

131R MILLICENT STREET, Toronto (Dovercourt-Wallace Emerson-Junction)

131R MILLICENT STREET, Toronto (Dovercourt-Wallace Emerson-Junction), ON M6H1W3

$899,888 total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

82%

Clear height

30 ft

Loading docks

13

About this property

Freehold industrial/commercial building on a rear lot with laneway access (via Armstrong/Emerson) in Toronto's Dovercourt-Wallace Emerson-Junction neighbourhood, inside a Major Transit Station Area (eliminates minimum parking requirements). No direct street frontage - access via laneway only. Confirmed building GFA 1,453 sf exterior / 1,288 sf interior per September 2026 professional floor plan. Lot approximately 2,950 sf. Zoned R(d0.6)(x740) with a long-standing history of commercial use and commercial tax assessment. Recent capital improvements include a replaced roof and trusses and an upgraded 100A electrical service with hydro active. Phase II Environmental Site Assessment (January 2026) came back clean with no exceedances. The neighbouring property recently completed a two-storey laneway build, demonstrating redevelopment feasibility on this laneway; multiplex and sixplex zoning frameworks apply in this ward, subject to frontage/access review by a purchaser. Vacant with flexible, quick possession. Buyer to conduct independent due diligence on all zoning, redevelopment, and servicing matters. All information deemed reliable but not guaranteed. (id:66811)

Financial sandbox

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Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$46K

Annual cash flow

$-4K

Cash-on-cash

-1.60%

DSCR

0.91

Going-in cap

5.06%

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.

Area demographics

Trade area within 3 miles of the property.

Population

129,995

Households

48,120

Median income

$101,500

Median age

44.9

Daytime population

120,402

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 131R MILLICENT STREET, Toronto (Dovercourt-Wallace Emerson-Junction).

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.