Business For Sale · Industrial

28 HOWDEN ROAD, Toronto (Wexford-Maryvale)

28 HOWDEN ROAD, Toronto (Wexford-Maryvale), ON M1R3E4

$3.3M total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

86%

Lot Size

0.458 ac

Clear height

31 ft

Loading docks

7

About this property

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)

Financial sandbox

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Estimate
Purchase price$3.30M
Down payment30% · $990K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 28 HOWDEN ROAD, Toronto (Wexford-Maryvale).

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.