49 Cranfield Road Toronto, Ontario M4B 3H3
$4,499,000
Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A & Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent. (id:12481)
Property Details
| MLS® Number | E13164064 |
| Property Type | Vacant Land |
| Community Name | O'Connor-Parkview |
Building
| SizeInterior | 622294 Sqft |
Land
| Acreage | Yes |
| SizeDepth | 411 Ft ,10 In |
| SizeFrontage | 20 Ft ,2 In |
| SizeIrregular | 1.33 |
| SizeTotal | 1.33 Ac |
| SizeTotalText | 1.33 Ac |
| ZoningDescription | E 1.0 (x229) Employment Industrial |
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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May 26 2026 01:34:58
Toronto Real Estate Board
Royal LePage Signature Realty