7, 8 , 23 - 231 Millway Avenue Vaughan, Ontario L4K 3W7
$1
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. (id:47351)
Property Details
| MLS® Number | N13749096 |
| Property Type | Industrial |
| Community Name | Concord |
| Amenities Near By | Highway, Public Transit |
| Features | Irregular Lot Size |
Building
| Bathroom Total | 4 |
| Age | 31 To 50 Years |
| Appliances | Furniture |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 18,193 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 1 Ft |
| Size Frontage | 1 Ft |
| Size Irregular | Unit=1 X 1 Ft ; Irregular Industrial Condominium Unit Co |
| Size Total Text | Unit=1 X 1 Ft ; Irregular Industrial Condominium Unit Co |
| Zoning Description | Prestige Mixed-use Ii |
https://www.realtor.ca/real-estate/30239874/7-8-23-231-millway-avenue-vaughan-concord-concord
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September 05 2026 11:56:30
Toronto Regional Real Estate Board