1309 KENNEDY ROAD, Toronto, Ontario
$14,999,000
Incredible opportunity to acquire a fully leased (except one month-to-month unit) small-bay industrial asset with strong in-place cash flow and significant upside potential. This listing includes both 260 Nantucket Blvd (22,136 SF) and 1309 Kennedy Rd (18,625 SF), situated on a combined 2.598 acres of land in the heart of Scarborough. Strategically located with frontage on Kennedy Road and direct access to TTC transit, both properties are tenanted under a mix of gross and net leases with staggered expiries between 2026 and 2029, offering a balance of income stability and future leasing flexibility. Together, the properties generate an annual gross rent of approximately $811,745, with an estimated net operating income (NOI) of over $660,000. Additional land situated between the buildings offers potential for future value creation through development or reconfiguration. Zoned ME & MC (1309 Kennedy) and M & VS (260 Nantucket), the properties allow for a broad range of industrial, commercial, automotive, office, and institutional uses. Buyers are advised to conduct their own due diligence on zoning and permitted uses. This is a rare chance to secure a high-performing industrial/commercial asset in one of Toronto's most active and well-connected employment nodes. (id:50212)
- Listing ID: E12185866
- Property Type: Industrial
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1309 KENNEDY ROAD in Toronto Ontario. It was last modified on June 20th, 2025. Contact Prashanth Prabakaran to schedule a viewing or to discover other Toronto real estate for sale.