Space
Finished area and layout
- Building Area
- 18,193 sqft
- Bathrooms
- 4
+9 more
$9,888,888
231 Millway Unit 7, 8 , 23
4
Bathrooms
18,193 sqft
Building Area
Unit=1 x 1 FT ; Irregular industrial condominium unit co
Lot
Property Snapshot
Key details for this listing
MLS #N13749096
Property
Type, style and structure
- Type
- commercial
- Style
- industrial / Industrial
Lot
Land, frontage and setting
- Lot
- Unit=1 x 1 FT ; Irregular industrial condominium unit co
About This Property
This 4-bathroom industrial in Vaughan offers 18,193 sqft of building area on a Unit=1 x 1 FT ; Irregular industrial condominium unit co lot. The property has zoned Prestige Mixed-Use II. The home features yes.
MLS Remarks
Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18,193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3,600/month each ($7,200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25,000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors. (id:60351)
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