2450 Morningside Ave - Warehouse CONDO FOR SALE


Toronto, ON M1X 2E5- Agincourt/Malvern
$5,000,000 CAD
416-833-6905
2450 Morningside Ave, Toronto, ON for Sale
$5,000,000 CAD
Warehouse CONDO - FOR SALE
1/5
null | Request Cap Rate

2450 Morningside Ave
Toronto, ON M1X 2E5
Agincourt/Malvern


HIGHLIGHTS

  • AAA-rated tenant with lease through March 2030.
  • Net lease at $20/SF with annual escalations.
  • Full TMI recovery for stable cash flow.
  • Two loading docks for 53-foot trailer access.
  • 28-foot clear ceiling height and mezzanine level.
  • Located in Scarborough’s core industrial zone.

OVERVIEW

Strategically located in Scarborough’s thriving industrial corridor, this rare investment opportunity at Morningside Business Centre offers secure, long-term income with minimal oversight. The unit is tenanted by a AAA-rated occupant under a net lease at $20/SF, with annual escalations and full TMI recovery, ensuring predictable cash flow through March 30, 2030. Purpose-built for modern industrial operations, the property features 28-foot clear ceiling heights, two loading docks designed for 53-foot trailers, and a mezzanine level that enhances operational flexibility. High-efficiency LED lighting and an ESFR sprinkler system support both sustainability and safety, while the layout accommodates light manufacturing, warehousing, and distribution. Located at 2450 Morningstar Avenue, the property benefits from proximity to Highway 401, major arterial routes, and a robust labor pool. Scarborough’s industrial market continues to attract logistics, e-commerce, and manufacturing tenants, reinforcing the long-term value of this asset. With limited inventory of high-spec industrial condos in the area, this offering stands out as a secure, low-maintenance investment in a high-demand market.

FOR SALE DETAILS

PRICE

$5,000,000 CAD

PRICE/SF

$512 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morningside Business Centre

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

143,549 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.31 AC

LAND SF

666,904 SF

ZONING

E

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Fouad BathicheRoyal LePage Signature RealtyMore Info
416-833-6905

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Fouad BathicheRoyal LePage Signature RealtyMore Info
416-833-6905

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.