1309 Kennedy Road Toronto (Dorset Park), Ontario M1P 2L6
$14,999,000
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:41954)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
Property Details
| MLS® Number | E12185868 |
| Property Type | Retail |
| Community Name | Dorset Park |
Building
| Cooling Type | Partially Air Conditioned |
| Size Interior | 3 Ac |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Sewer | Sanitary Sewer |
| Size Depth | 680 Ft ,10 In |
| Size Frontage | 166 Ft ,2 In |
| Size Irregular | 2.598 |
| Size Total | 2.598 Ac |
| Size Total Text | 2.598 Ac |
| Zoning Description | Me & Mc |
https://www.realtor.ca/real-estate/28394148/1309-kennedy-road-toronto-dorset-park-dorset-park
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May 31 2025 02:05:42
Toronto Real Estate Board
Royal LePage Signature Realty