2.79 Acre Industrial Land

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2.79 Acre Industrial Land

FOR SALE

22-24 MAGNIFICENT ROAD :: TORONTO, ON LOCATION

Mimico

POSSESSION

90 Days

LOT SIZE

2.79 Acres

ASKING PRICE

$6,975,000

ZONING

E1

TAXES (2015)

$50,370.92

PROPERTY DETAILS ++ Former zoning permits open storage and truck/transportation uses

SITE

++ Fenced perimeter ++ Adjacent to CN rail ++ Small building exists on property ++ Close proximity to Mimico GO station ++ Bid deadline: September 30, 2015* (offers can be submitted prior) *contact the listing agent for offer details

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22-24 MAGNIFICENT ROAD

SURVEY

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FOR SALE

FOR SALE

22-24 MAGNIFICENT ROAD EMPLOYMENT ZONE (E1)

The subject property is zoned E.1 by the City of Toronto. This property is classified under Employment Industrial Zoning which allows for a variety of industrial operations such as manufacturing, cleaning and packaging; this type of zoning also allows for some non-industrial operations. Below is a summary of this type of Zoning. Uses Permitted Ambulance Depot Animal Shelter Artist Studio Automated Banking Machine Bindery Building Supply Yards Carpenter’s Shop Cold Storage Contractor’s Establishment Custom Workshop Dry Cleaning or Laundry Plant Financial Institution Fire HallIndustrial Sales and Service Use Kennel LaboratoryManufacturing Use (restrictions apply as per applicable by-law) Office Park Performing Arts Studio Pet Services Police Station Printing Establishment Production Studio Public Works Yard Service Shop Software Development and Processing Warehouse Wholesaling Use

Additional uses under the former Etobicoke zoning by-law IC-1 still apply, and include: Truck and transport depots Other trucking uses

For additional information, please contact: MICHAEL BELLISSIMO, MBA** Vice President 416 798 6257 [email protected] **Broker CBRE Limited | 87 Skyway Avenue, Suite 100 | Toronto, ON M9W 6R3 | T 416 674 7900| F 416 674 6575 | www.cbre.com This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.

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