416-756-5436
555-573 Alness St, Toronto, ON for Sale
Warehouse - FOR SALE
1/2
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555-573 Alness St
Toronto, ON M3J 2T8
Downsview


OVERVIEW

573 Alness Street presents a rare opportunity to acquire a versatile industrial asset strategically positioned near the North York and Vaughan border. This 101,909 SF property sits on a 3.04-acre lot with exceptional frontage along high-traffic Alness Street, offering outstanding visibility and access to major highways including 407, 400, and 401. The building’s upper level, spanning over 52,000 SF, was previously utilized as a customer-facing showroom and features polished concrete floors, full HVAC, and abundant natural light—ideal for corporate headquarters or specialized display operations. The lower level is demised into 10 units of approximately 5,000 SF each, catering to multi-tenant flexibility and strong leasing demand. With 16 truck-level doors, robust 1600 Amp power, and ample parking, the property is well-suited for a range of industrial and showroom uses under EH1 zoning. Current occupancy includes two tenants on short-term leases, providing immediate income while preserving future upside. Offered at $27.3 million, this asset combines prime location, adaptable design, and significant value-add potential for investors or owner-users seeking a foothold in one of Toronto’s most dynamic industrial corridors.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

14

DRIVE INS

1

PARKING SPACES

110

LAND DETAILS

LAND ACRES

3.05

LAND SF

132,858

ZONING

EH1

APN/PARCEL ID

CUSTOM-4178870

ASK ABOUT THIS PROPERTY

Peter McGoeyCushman & WakefieldMore Info
416-756-5436

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Peter McGoeyCushman & WakefieldMore Info
416-756-5436

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