231, Millway, Concord, Vaughan, Commercial
- 4 baths |
- 18193 SQFT
Description
Commercial Industrial For Sale.
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.
Community Features: Major Highway, Public Transit
Cross Street: Jane St & Hwy 7
Key Facts
- Days on: 7 days
- Mls Status: New
- Bathrooms Total Integer: 4
- Lot Type: Unit
- Lot Width: 1.00
- Garage Type: Outside/Surface
- Heat Type: Gas Forced Air Closed
- Cooling: Yes
- Building Area Total: 18193 Square Feet
- Lot Size Area: 18193 SquareFeet
Location 231, Millway, Concord, Vaughan
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