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$ 17,800,000
Est. payment /mo
New
116 Rayette RD Vaughan, ON L4K 2G3
6 Baths
2 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $8,900,000
Subdivision Concord
MLS Listing ID N13733544
Annual Tax Amount $1
Tax Year 2026
Property Sub-Type Industrial
Property Description
Excellent investment opportunity to acquire a sought-after freestanding M1-zoned industrial building in Vaughan. Situated on a substantial lot with approximately 201.43 ft. of frontage and 433.11 ft. of depth, the property offers approximately 40,056 sq. ft. of total floor area, including approximately 34,500 sq. ft. of industrial space, 5,000 sq. ft. of office space, and an additional 1,000 sq. ft. basement area. The warehouse features clear heights ranging from approximately 18 to 22 ft., including a portion with 20 ft. clear height. Shipping capabilities include seven truck-level doors and three drive-in doors. Additional features include 11 front entrances, rear garage/loading doors, five separate office entrances, six washrooms, a change room, sprinklers, gas-forced-air heating, and more than 60 on-site parking spaces. Heavy electrical power includes 1,600 amps, 208 volts, three-phase, four-wire service. An Electrical Safety Authority Certificate of Inspection is available. The building's configuration offers the potential to divide the property into as many as 11 separate units, each with a front entrance and rear garage/loading door, subject to municipal approvals. Ideally suited to service, warehousing, manufacturing, and distribution businesses. The property is currently tenanted at a net rental rate of $18.00 per sq. ft., plus $4.50 per sq. ft. TMI. The tenancy expires March 1, 2028, presenting an attractive opportunity for investors or future owner-users. Conveniently located with quick access to Highways 7, 27, 407, and 427, and approximately 20 minutes from Toronto Pearson International Airport. Contact the listing team for additional information or to arrange a private showing. Buyers and cooperating agents are to independently verify all measurements, areas, zoning, permitted uses, power, lease details, and property specifications. VTB available...
Location
Province ON
County York
Area York
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 201.43
Lot Depth 433.09
Others
Security Features Yes
ParcelsYN No
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Listed by MOVE UP REALTY INC.