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555-573 Alness St 102,248 SF 100% Leased Industrial Building Toronto, ON M3J 2T8 For Sale

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EXECUTIVE SUMMARY

573 Alness Street presents a rare opportunity to acquire a versatile industrial asset strategically positioned near the North York and Vaughan border. This 101,909 SF property sits on a 3.04-acre lot with exceptional frontage along high-traffic Alness Street, offering outstanding visibility and access to major highways including 407, 400, and 401. The building’s upper level, spanning over 52,000 SF, was previously utilized as a customer-facing showroom and features polished concrete floors, full HVAC, and abundant natural light—ideal for corporate headquarters or specialized display operations. The lower level is demised into 10 units of approximately 5,000 SF each, catering to multi-tenant flexibility and strong leasing demand. With 16 truck-level doors, robust 1600 Amp power, and ample parking, the property is well-suited for a range of industrial and showroom uses under EH1 zoning. Current occupancy includes two tenants on short-term leases, providing immediate income while preserving future upside. Offered at $27.3 million, this asset combines prime location, adaptable design, and significant value-add potential for investors or owner-users seeking a foothold in one of Toronto’s most dynamic industrial corridors.

PROPERTY FACTS

Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.05 AC
Rentable Building Area 102,248 SF
No. Stories 2
Year Built 1975
Parking Ratio 2.41/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 14
No. Drive In / Grade-Level Doors 1
Zoning EH1

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 555
  • 5,000 SF
  • Industrial
  • Shell Space
  • 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 557
  • 5,000 SF
  • Industrial
  • Shell Space
  • 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 559
  • 5,000 SF
  • Industrial
  • Shell Space
  • 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 561
  • 5,000 SF
  • Industrial
  • Shell Space
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 563
  • 5,000 SF
  • Industrial
  • Shell Space
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 565
  • 5,000 SF
  • Industrial
  • Shell Space
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 567
  • 5,000 SF
  • Industrial
  • Shell Space
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 569
  • 5,000 SF
  • Industrial
  • Full Build-Out
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 571
  • 5,000 SF
  • Industrial
  • Full Build-Out
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

  • 1st Fl - 573
  • 5,000 SF
  • Industrial
  • Full Build-Out
  • 30 Days

573 built out for gym/training facility

  • 2nd Floor
  • 52,248 SF
  • Industrial
  • -
  • 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

Space Size Space Use Condition Available
1st Fl - 555 5,000 SF Industrial Shell Space 90 Days
1st Fl - 557 5,000 SF Industrial Shell Space 90 Days
1st Fl - 559 5,000 SF Industrial Shell Space 90 Days
1st Fl - 561 5,000 SF Industrial Shell Space 30 Days
1st Fl - 563 5,000 SF Industrial Shell Space 30 Days
1st Fl - 565 5,000 SF Industrial Shell Space 30 Days
1st Fl - 567 5,000 SF Industrial Shell Space 30 Days
1st Fl - 569 5,000 SF Industrial Full Build-Out 30 Days
1st Fl - 571 5,000 SF Industrial Full Build-Out 30 Days
1st Fl - 573 5,000 SF Industrial Full Build-Out 30 Days
2nd Floor 52,248 SF Industrial - 30 Days

1st Fl - 555

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
90 Days

1st Fl - 557

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
90 Days

1st Fl - 559

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
90 Days

1st Fl - 561

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl - 563

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl - 565

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl - 567

Size
5,000 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl - 569

Size
5,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

1st Fl - 571

Size
5,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

1st Fl - 573

Size
5,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
52,248 SF
Space Use
Industrial
Condition
-
Available
30 Days

1st Fl - 555

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 557

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 559

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 90 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 561

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 563

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 565

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 567

Size 5,000 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 569

Size 5,000 SF
Space Use Industrial
Condition Full Build-Out
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 571

Size 5,000 SF
Space Use Industrial
Condition Full Build-Out
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

1st Fl - 573

Size 5,000 SF
Space Use Industrial
Condition Full Build-Out
Available 30 Days

573 built out for gym/training facility

2nd Floor

Size 52,248 SF
Space Use Industrial
Condition -
Available 30 Days

10-unit, multi-tenant layout with each unit being approximately 5,000 SF for a total of approximately 50,000 SF. The floor plans provided herein are, for the most part, as-as built. The lower level has two tenants in the three most southernly units. Unit 555+557 was previously occupied by a gym, and is in a turnkey condition for continued use as the same.

Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38760300

  • Date on Market: 2025-12-12

  • Last Updated:

  • Address: 555-573 Alness St, Toronto, ON M3J 2T8

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