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Toronto E04, ON M1P 2L6,1309 Kennedy RD
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Toronto E04, ON M1P 2L6,1309 Kennedy RD
Toronto E04, ON M1P 2L6,1309 Kennedy RD
Toronto E04, ON M1P 2L6,1309 Kennedy RD
Toronto E04, ON M1P 2L6,1309 Kennedy RD
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 14,999,000
Est. payment /mo
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1309 Kennedy RD Toronto E04, ON M1P 2L6

2 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2 sqft

Price per Sqft $7,499,500

Subdivision Dorset Park

MLS Listing ID E12185866

Annual Tax Amount $116,559

Tax Year 2024

Property Sub-Type Industrial

Lot Depth 680.85

Lot Front 166.21

Property Description

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.

Location

Province ON

County Toronto

Community Dorset Park

Area Toronto

Interior

Cooling Partial

Exterior

Utilities Available Available

Lot Frontage 166.21

Lot Depth 680.85

Others

Security Features Partial

Listed by ROYAL LEPAGE SIGNATURE REALTY
agent

Jethro Seymour

Broker

+1(416) 712-0767

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1309 Kennedy RD

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