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$3.3M total
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Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
86%
Lot Size
0.458 ac
Clear height
31 ft
Loading docks
7
Excellent opportunity to acquire a freestanding industrial building offering approximately 8,500 sq. ft. of total space, including a 1,500 sq. ft. mezzanine. Why Pay rent? Configured as two separate units, the property provides flexibility for owner-occupiers, investors, or multi-tenant use, with independent entrances and utilities allowing each unit to operate separately. The building features both truck-level (8' x 8') and van-level (10' x 10') shipping doors, with warehouse clear heights ranging from 12' in the front unit to 15'3" in the rear unit. Fully sprinklered throughout, with convenient front and rear parking to accommodate staff, visitors, and deliveries. A new roof was installed in August 2026, adding significant value to the property. Situated in an established industrial district with convenient access to major transportation routes, the property benefits from flexible zoning that accommodates a variety of potential uses. Phase I and Phase II Environmental reports have recently been completed and are available to qualified prospective purchasers upon request. With its versatile configuration, functional shipping facilities, and recent improvements, this property represents excellent value and an outstanding opportunity for businesses and investors alike. (id:66811)
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Monthly debt service
$15K
Projected NOI
$139K
Annual cash flow
$-44K
Cash-on-cash
-4.40%
DSCR
0.76
Going-in cap
4.22%
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
43,667
Households
19,906
Median income
$128,000
Median age
37.5
Daytime population
40,405
5-yr growth
2.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 28 HOWDEN ROAD, Toronto (Wexford-Maryvale).
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.