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:
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260 Nantucket Blvd: 22,136 sq ft
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1309 Kennedy Rd: 18,625 sq ft
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Total Acreage: 2.598 acres
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Zoning: Mixed Employment (ME), Industrial Commercial (MC), Industrial (M), and Vehicle Service (VS)
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Ceiling Heights: Up to 17’10”, Clear Height 15’10”
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Fully leased with one unit on a month-to-month basis
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Annual Gross Rent: $811,745.04
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Net Operating Income (NOI): $660,038.54
Income & Tenancy:
Current tenants include established names such as:
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Sherwin Williams
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Danny’s Furniture
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GTA Automotive
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Makbel
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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:
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High-visibility corner with frontage on Kennedy Road
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On TTC bus route and near major arteries including Highway 401
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Central Scarborough location, close to amenities and workforce
