Nantucket & Kennedy Industrial FOR SALE


Toronto, ON - Dorset Park
$14,999,000 CAD
416-662-8555
, Toronto, ON for Sale
$14,999,000 CAD
Industrial - FOR SALE
1/2
null | 4.4% Cap Rate

Nantucket & Kennedy
Toronto, ON
Dorset Park


HIGHLIGHTS

  • Fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential.
  • Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases
  • Additional land situated between the buildings offers potential for future value creation through development or reconfiguration.

OVERVIEW

Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22,136 SF) and 1309 Kennedy Rd (18,625 SF), situated on a combined 2.598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811,745, with an estimated net operating income (NOI) of over $660,000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto's most active and well-connected employment nodes.

ASK ABOUT THIS PROPERTY

Wil IronsRoyal LePage Signature RealtyMore Info
416-662-8555

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Wil IronsRoyal LePage Signature RealtyMore Info
416-662-8555

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