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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1
Available - For Sale
Listing ID: N13749096
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: $50,011
Tax Type: Annual
Monthly Condo Fee: $1960
Occupancy by: Owner+T
Address: 231 Millway Avenue , Vaughan, L4K 3W7, York
Postal Code: L4K 3W7
Province/State: York
Directions/Cross Streets: Jane St & Hwy 7
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Industrial Condo
Use: Cooler/Freezer/Food Inspect
Building Percentage: F
Total Area: 18,193
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
Maintenance: 0
Sprinklers: Yes
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

231 Millway Avenue , Vaughan, L4K 3W7, York

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Stan Khurana
Sales Representative
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6473836000
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Type: Com - Industrial
Area: York
Municipality: Vaughan
Neighbourhood: Concord
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Lot Size: x 1.00(Feet)
Approximate Age: 31-50
Tax: $50,011
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
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