7, 8 , 23 - 231 Millway Avenue Vaughan, Ontario L4K 3W7

$1

Exceptional owner-user and investment opportunity Vaughan's premier employment district. Offering consists of three legally separate industrial condominium units approximately 18,193 sq. ft., currently operating as one seamless facility with no separating demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. The property features 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, making it ideal for food processing, cold storage, distribution, manufacturing and specialty operations. Two separately leased spaces currently generate $3,600 per month each ($7,200/month total), providing attractive holding income while occupying or planning for future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and a new mezzanine staircase (estimated $25,000 to complete), giving a purchaser a head start on value-add improvements already in progress. The property has received approval for Prestige Mixed-Use designation, creating significant long-term redevelopment potential. Ownership believes the approved planning framework may provide substantial future value enhancement, with potential upside estimated at more than $300 per square foot, subject to purchaser verification, approvals and independent due diligence. Ideally situated on a prominent corner within a well-maintained industrial complex with excellent exposure along Millway Avenue and immediate access to Highways 400, 407 and Highway 7, just minutes from Vaughan Metropolitan Centre subway station. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with immediate income and exceptional long-term upside in one of Vaughan's fastest-growing employment and mixed-use corridors. (id:55460)

Property Details

MLS® Number	N13749096
Property Type	Industrial
Community Name	Concord
Amenities Near By	Highway, Public Transit
Features	Irregular Lot Size

Building

Bathroom Total	4
Age	31 To 50 Years
Appliances	Furniture
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	18,193 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	1 Ft
Size Frontage	1 Ft
Size Irregular	Unit=1 X 1 Ft ; Irregular Industrial Condominium Unit Co
Size Total Text	Unit=1 X 1 Ft ; Irregular Industrial Condominium Unit Co
Zoning Description	Prestige Mixed-use Ii

https://www.realtor.ca/real-estate/30239874/7-8-23-231-millway-avenue-vaughan-concord-concord