Industrial/Commercial Investment Opportunity | Over 40,000 SQ FT on 2.598 Acres

Welcome to a rare and strategic investment opportunity in the heart of Scarborough’s vibrant Dorset Park industrial district. This premium offering includes two well-maintained industrial/commercial buildings located at 260 Nantucket Boulevard and 1309 Kennedy Road, totalling 40,761 sq.ft of functional space across 2.598 acres of prime land.

Property Highlights:

• 260 Nantucket Blvd: 22,136 sq ft

• 1309 Kennedy Rd: 18,625 sq ft

• Total Acreage: 2.598 acres

• Zoning: Mixed Employment (ME), Industrial Commercial (MC), Industrial (M), and Vehicle Service (VS)

• Ceiling Heights: Up to 17’10”, Clear Height 15’10”

• Fully leased with one unit on a month-to-month basis

• Annual Gross Rent: $811,745.04

• Net Operating Income (NOI): $660,038.54

Income & Tenancy:

Current tenants include established names such as:

• Sherwin Williams

• Danny’s Furniture

• GTA Automotive

• Makbel

• Wall & Floor (MTM)

Leases expire between 2026 and 2029, offering a combination of immediate stable cashflow and short-to-mid term rental upside through renegotiation and tenant turnover. The property’s thoughtful layout, robust build, and functional design cater to a wide variety of industrial and commercial users.

Investment Potential:

✔ Prime redevelopment or intensification opportunity with additional land between the buildings
✔ Strong holding income while planning future enhancements
✔ High-demand location with a diverse range of permitted uses including industrial, vehicle service, office, retail, and more

Location Benefits:

• High-visibility corner with frontage on Kennedy Road

• On TTC bus route and near major arteries including Highway 401

• Central Scarborough location, close to amenities and workforce

Take a tour!