149 Milvan Drive, Toronto, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Humber Summit. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,495,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 100.12 x 236.3 ft lot size
- Convenient outside/surface garage included
- equipped with partial central cooling and highly efficient radiant heating
Description
Fully leased two-unit industrial facility in North York on Milvan Drive between Steeles Avenue and Islington Avenue. Available for the first time in over 60 years. Very well maintained building consisting of 2 units each with multiple drive-in shipping doors. Flexible E1 zoning allows for many different business operations from warehousing and manufacturing to automotive uses. The building has 4 total drive-in doors with 2 doors measuring 10 feet by 10 feet and two doors measuring 10 feet by 12 feet. Large, fenced and paved rear yard offering the possibility of open storage. There are windows throughout the building including all office areas and warehouse areas. The property is 100% leased with leases expiring at the end of 2026 with vacant possession possible thereafter. Excellent opportunity for a future owner occupier with holding income. The building has functional office layouts spread over two floors, but is in need of some cosmetic updating. Each half of the building has approximately 2,000 sq. ft. of office space with approximately 3,150 sq. ft. of warehouse/manufacturing space for each unit.
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Pricing & Value Insights
Data-driven valuation for 149 Milvan Drive, Toronto W05, ON M9L 1Z8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $4,495,000 in Toronto, the legal minimum down payment is $899,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $98,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $98,850 also applies, bringing the total estimated land transfer taxes to $197,700.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
