The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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.
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$41,161/mo
Mortgage (principal + interest)$36,994
Property taxFrom listing: $50,011/yr$4,168
Minimum 20% ($1,977,778 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$1,977,778
Ontario land transfer taxProvincial brackets, no first-time refund$233,697
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$2,214,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Vaughan has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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