Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18,193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3,600/month each ($7,200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25,000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors.
Address
7, 8 , 23 - 231 Millway Avenue
List Price
$1
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Industrial
Transaction Type
Sale
Area
Vaughan
Sub-Area
Concord
Region
York
Bathrooms
4
Lot Size Source
Survey
Lot Depth
1
Lot Shape
Irregular
Lot Type
Unit
Lot Irregularities
Irregular industrial condominium unit co
Lot Size Units
Feet
Lot Width
1
Parcel Number
293130007
Total Building Area
18193
Occupant Type
Owner+Tenant
Cross Street
Jane St & Hwy 7
Approx. Age
31 - 50 Years
MLS® Number
N13749096
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement
No
Postal Code
L4K 3W7
Tax Amount
$50,011.00
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
Yes
