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Investment Highlights
- Dual-path investment opportunity: owner-user, investor, or redevelopment play
- 18’ ceiling heights — ideal for warehouse, storage, or light manufacturing
- Direct adjacency to municipal parking garage
- Potential for ±60 residential units (subject to approvals)
- 2 drive-in doors supporting flexible loading and operational flow
- Former bakery facility with adaptable infrastructure
Executive Summary
Houlihan Lawrence Commercial is pleased to present 22 N Third Avenue. The offering presents a unique opportunity to acquire a ±10,000 square foot industrial property in the heart of Mount Vernon. Offered at $2,600,000, the asset is well-suited for owner-users, investors, or developers seeking a flexible property with both immediate usability and long-term upside.
In addition to its current industrial utility, the property offers a compelling redevelopment opportunity, with the potential to accommodate a ±60-unit residential development (subject to zoning and approvals). The property directly abuts a municipal parking garage, providing a significant advantage for both current use and future development scenarios.
In addition to its current industrial utility, the property offers a compelling redevelopment opportunity, with the potential to accommodate a ±60-unit residential development (subject to zoning and approvals). The property directly abuts a municipal parking garage, providing a significant advantage for both current use and future development scenarios.
Property Facts
| Price | $3,569,748 CAD | Rentable Building Area | 10,019 SF |
| Price Per SF | $356.30 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.23 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | NB | ||
| Price | $3,569,748 CAD |
| Price Per SF | $356.30 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 10,019 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | NB |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4403-163-043-00001-000-0033 | Improvements Assessment | $914,405 CAD |
| Land Assessment | $282,834 CAD | Total Assessment | $1,197,239 CAD |
Property Taxes
Parcel Number
4403-163-043-00001-000-0033
Land Assessment
$282,834 CAD
Improvements Assessment
$914,405 CAD
Total Assessment
$1,197,239 CAD
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22 Third Ave
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