About 7, 8 , 23 - 231 Millway Avenue
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. (id:6289)
More Info on this Concord MLS® listing
7, 8 , 23 - 231 Millway Avenue is a listing for sale in Vaughan (Concord). The MLS® number is N13749096. It features 4 bathrooms and covers 18,193 square feet. It's currently listed for $9,888,888. For more details on MLS® N13749096, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Concord is available now!
Selling your Concord property?
Have a similar home to 7, 8 , 23 - 231 Millway Avenue? If you’re thinking about selling your Concord property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Vaughan (Concord) property.
