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45 Mcintosh Dr 17,454 SF Office Building Markham, ON L3R 8C7 $8,900,000 CAD ($509.91 CAD/SF) 4.30% Cap Rate
Investment Highlights
- 88% Office 12% Warehouse
- 800 amp 600 volt service
- LED lighting (2022); 11 new rooftop HVAC units (2020); professionally paved parking lot (2021); exterior concrete walls refinished(parged in 2024
- Additional premium uses: hotel, cannabis establishment, craft brewery, financial institution, fitness centre, recreation, and veterinary clinic
Executive Summary
While currently tenanted, the asset will be delivered vacant at closing. The new owner can enjoy a seamless transition of title without the complexity of existing leasehold encumbrances, providing total autonomy over future occupancy and management.
Rarely available! 17,454 sq. ft. freestanding industrial facility on a 1-acre corner site at the high-traffic intersection of Highway 7 and Woodbine. Unmatched connectivity to Highways 404 and 407 positions this property as a strategic central hub. Prestigious EMP "BP" Business Park zoning permits a rare range of premium uses beyond traditional industrial zoning, including: a hotel, cannabis establishment, craft brewery, financial institution, fitness centre, recreation, and veterinary clinic, offering exceptional flexibility and revenue potential for investors and owner-users. The building features an 88% office build-out with a very efficient, natural light filled layout. Private and executive offices with large windows are complemented by a central boardroom with accent lighting, multiple meeting rooms, a large main reception, additional reception areas with dedicated exterior entrances, and a spacious lunchroom with tables and booth seating. The warehouse is clean and bright with plenty of natural light, one large truck level door and 13' clear ceiling height. The building and property show pride of ownership and have been meticulously maintained with significant capital upgrades: LED lighting (2022); 11 new rooftop HVAC units (2020); professionally paved parking lot (2021); exterior concrete walls refinished (parged) in 2024. The roof is approximately 11 years old. The site accommodates 57 parking spaces including 27 covered stalls. The facility is fully sprinklered and there is plenty of power with 800 amp 600 volt service. This is a rare, turnkey, flagship opportunity in one of the region's most sought after commercial corridors. Visiting the property without an appointment is strictly prohibited.
Rarely available! 17,454 sq. ft. freestanding industrial facility on a 1-acre corner site at the high-traffic intersection of Highway 7 and Woodbine. Unmatched connectivity to Highways 404 and 407 positions this property as a strategic central hub. Prestigious EMP "BP" Business Park zoning permits a rare range of premium uses beyond traditional industrial zoning, including: a hotel, cannabis establishment, craft brewery, financial institution, fitness centre, recreation, and veterinary clinic, offering exceptional flexibility and revenue potential for investors and owner-users. The building features an 88% office build-out with a very efficient, natural light filled layout. Private and executive offices with large windows are complemented by a central boardroom with accent lighting, multiple meeting rooms, a large main reception, additional reception areas with dedicated exterior entrances, and a spacious lunchroom with tables and booth seating. The warehouse is clean and bright with plenty of natural light, one large truck level door and 13' clear ceiling height. The building and property show pride of ownership and have been meticulously maintained with significant capital upgrades: LED lighting (2022); 11 new rooftop HVAC units (2020); professionally paved parking lot (2021); exterior concrete walls refinished (parged) in 2024. The roof is approximately 11 years old. The site accommodates 57 parking spaces including 27 covered stalls. The facility is fully sprinklered and there is plenty of power with 800 amp 600 volt service. This is a rare, turnkey, flagship opportunity in one of the region's most sought after commercial corridors. Visiting the property without an appointment is strictly prohibited.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
17,454 SF
Building Class
B
Year Built/Renovated
1985/2024
Price
$8,900,000 CAD
Price Per SF
$509.91 CAD
Cap Rate
4.30%
NOI
$382,700 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
17,454 SF
Building FAR
0.40
Lot Size
1.00 AC
Zoning
EMP-BP
Parking
57 Spaces (3.27 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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45 Mcintosh Dr
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