1309 KENNEDY ROAD, Toronto (Dorset Park), Ontario, M1P2L6
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. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-768-8865
- 705-745-4321
- 705-745-4324
- jcsullivan3@yahoo.ca
- Property Address: 1309 KENNEDY ROAD, Toronto (Dorset Park), Ontario, M1P2L6
- Community Name: Dorset Park
- Property Type: Retail
- Zoning Description: ME & MC
- Lot Size: 2.598
- Acreage: 2.598 ac
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Maintenance Fee: 0.00
- Floor Space: 3 ac
- Cooling: Partially air conditioned
Listing Offices: ROYAL LEPAGE SIGNATURE REALTY
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