1309 Kennedy Road, Toronto

Living area: 3 sqft
Type: Commercial
Added: 3 months ago
Updated: 3 months ago
Last Checked: 1 day ago
Listed by: ROYAL LEPAGE SIGNATURE REALTY
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Listing description
This Commercial listing at 1309 Kennedy Road Toronto, ON with the MLS Number e12185868 listed by WILLIAM KENNETH IRONS - ROYAL LEPAGE SIGNATURE REALTY on the Toronto market 3 months ago at $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:1945)

Property Details Key information about 1309 Kennedy Road

Cooling: Partially air conditioned

Exterior & Lot Features Learn about the exterior and lot specifics of 1309 Kennedy Road

Water Source: Municipal water
Lot Size Units: acres
Lot Size Dimensions: 2.598

Utilities & Systems Review utilities and system installations

Sewer: Sanitary sewer

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Nearby Listings Stat Estimated price and comparable properties near 1309 Kennedy Road

Active listings

380

Min Price

Max Price

$14,999,000

Avg Price

$879,227

Days on Market

48 days

Sold listings

147

Min Sold Price

$35,000

Max Sold Price

$1,399,000

Avg Sold Price

$722,071

Days until Sold

55 days

Nearby Places Nearby schools and amenities around 1309 Kennedy Road

David and Mary Thomson Collegiate Institute (1.6 km)
2740 Lawrence Ave E, Toronto

Wexford Collegiate School for the Arts (2.8 km)
1176 Pharmacy Ave, Scarborough

Jean Vanier Catholic Secondary School (3 km)
959 Midland Ave, Toronto

Agincourt Collegiate Institute (3.2 km)
2621 Midland Ave, Scarborough

Sir Alexander Mackenzie Senior Public School (3.3 km)
33 Heather Rd, Scarborough

Senator O'Connor College School (3.3 km)
Toronto

Victoria Park Collegiate Institute (3.5 km)
15 Wallingford Rd, Toronto

Crestwood Preparatory College (3.8 km)
217 Brookbanks Dr, Toronto

Costco Scarborough (1.6 km)
1411 Warden Ave, Scarborough

Thomson Memorial Park (1.9 km)
1005 Brimley Rd, Toronto

Scarborough Town Centre (2.3 km)
300 Borough Drive, Scarborough

Parkway Mall (2.9 km)
85 Ellesmere Rd, Toronto

Scarborough Hospital (2.6 km)
3050 Lawrence Ave E, Scarborough

Mandarin Restaurant (3.3 km)
2206 Eglinton Ave E, Toronto

Price History

Listed

May 30, 2025

by ROYAL LEPAGE SIGNATURE REALTY

Commercial For Sale