About 1309 Kennedy Road
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.
Features of 1309 Kennedy Road
| MLS® # | E12185868 |
|---|---|
| Price | $14,999,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Commercial Retail |
| Status | Active |
Community Information
| Address | 1309 Kennedy Road |
|---|---|
| Area | Toronto |
| Subdivision | Dorset Park |
| City | Toronto E04 |
| Province | ON |
| Postal Code | M1P 2L6 |
Amenities
| Garages | Plaza |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Fan Coil |
|---|---|
| Cooling | Partial |
| Fireplace | No |
Listing Details
| Office | ROYAL LEPAGE SIGNATURE REALTY |
|---|