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2450 Morningside Ave - Morningside Business Centre 9,764 SF Industrial Condo Unit Offered at $5,000,000 CAD in Toronto, ON M1X 2E5
INVESTMENT HIGHLIGHTS
- AAA-rated tenant with lease through March 2030.
- Full TMI recovery for stable cash flow.
- 28-foot clear ceiling height and mezzanine level.
- Net lease at $20/SF with annual escalations.
- Two loading docks for 53-foot trailer access.
- Located in Scarborough’s core industrial zone.
PROPERTY FACTS
| Total Building Size | 143,549 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 143,549 SF |
| Property Subtype | Warehouse | Year Built | 2023 |
| Building Class | A | Lot Size | 15.31 AC |
| Zoning | E - Employment zoning | ||
| Total Building Size | 143,549 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 143,549 SF |
| Year Built | 2023 |
| Lot Size | 15.31 AC |
| Zoning | E - Employment zoning |
1 UNIT AVAILABLE
Unit 9
| Unit Size | 9,764 SF | Condo Use | Industrial |
| Price | $5,000,000 CAD | Sale Type | Investment |
| Price Per SF | $512.09 CAD |
| Unit Size | 9,764 SF |
| Price | $5,000,000 CAD |
| Price Per SF | $512.09 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
DESCRIPTION
This state-of-the-art industrial condo unit at Morningside Business Centre is designed to meet the demands of modern logistics and light manufacturing. Featuring 28-foot clear heights, two full-size loading docks, and a mezzanine level, the space offers exceptional flexibility for a range of industrial uses.
The unit is equipped with high-efficiency LED lighting and an ESFR sprinkler system, ensuring both energy savings and fire safety compliance. Its layout supports warehousing, distribution, and light manufacturing.
SALE NOTES
Strategically located in Scarborough’s thriving industrial corridor, this rare investment opportunity at Morningside Business Centre offers secure, long-term income with minimal oversight. The unit is tenanted by a AAA-rated occupant under a net lease at $20/SF, with annual escalations and full TMI recovery, ensuring predictable cash flow through March 30, 2030.
Purpose-built for modern industrial operations, the property features 28-foot clear ceiling heights, two loading docks designed for 53-foot trailers, and a mezzanine level that enhances operational flexibility. High-efficiency LED lighting and an ESFR sprinkler system support both sustainability and safety, while the layout accommodates light manufacturing, warehousing, and distribution.
Located at 2450 Morningstar Avenue, the property benefits from proximity to Highway 401, major arterial routes, and a robust labor pool. Scarborough’s industrial market continues to attract logistics, e-commerce, and manufacturing tenants, reinforcing the long-term value of this asset. With limited inventory of high-spec industrial condos in the area, this offering stands out as a secure, low-maintenance investment in a high-demand market.
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2450 Morningside Ave - Morningside Business Centre
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