Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22,136 SF) and 1309 Kennedy Rd (18,625 SF), situated on a combined 2.598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811,745, with an estimated net operating income (NOI) of over $660,000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto’s most active and well-connected employment nodes.
- Cooling System:
- Partial
- Utilities:
- Available
- Sewer:
- Sanitary
- City:
- Toronto
- Postal Code:
- M1P 2L6
- Street:
- Kennedy
- Street Number:
- 1309
- Street Suffix:
- Road
- Zoning:
- ME & MC
- Directions:
- Ellesmere/Kennedy Rd
- Building Size:
- 2.598
- Business Type:
- Warehouse
- Previous Price:
- 1499900
- Tax Annual Amount:
- 116559.26
- Co List Office Name:
- ROYAL LEPAGE SIGNATURE REALTY
- Mls Status:
- New
- Modification Timestamp:
- 2025-06-02T17:15:22Z
- Originating System Name:
- TRREB
Commercial Sale For Sale
1309 Kennedy Road, Toronto E04, ON M1P 2L6
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- E12185866
- Price :
- $14,999,000
- Status :
- Active
- Office Name :
- ROYAL LEPAGE SIGNATURE REALTY
- Property Sub Type :
- Industrial