$1
Available - For Sale
Listing ID: N13749096
231 Millway Avenue , Vaughan, L4K 3W7, York
| 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. |
| Price | $1 |
| Taxes: | $50011.00 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $1960 |
| Occupancy: | Owner+T |
| Address: | 231 Millway Avenue , Vaughan, L4K 3W7, York |
| Postal Code: | L4K 3W7 |
| Province/State: | York |
| Directions/Cross Streets: | Jane St & Hwy 7 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Industrial Condo |
| Use: | Cooler/Freezer/Food Inspect |
| Building Percentage: | F |
| Total Area: | 18193.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 3624 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 31-50 |
| Sprinklers: | Yes |
| Washrooms: | 4 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Clear Height Feet: | 20 |
| Truck Level Shipping Doors #: | 1 |
| Height Feet: | 10 |
| Width Feet: | 7 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 2 |
| Height Feet: | 10 |
| Width Feet: | 10 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| KELLER WILLIAMS ADVANTAGE REALTY |
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At a Glance:
| Type: | Com - Industrial |
| Area: | York |
| Municipality: | Vaughan |
| Neighbourhood: | Concord |
| Approximate Age: | 31-50 |
| Tax: | $50,011 |
| Baths: | 4 |
| Fireplace: | N |
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