Home · Buy · Toronto W05 · 149 Milvan Drive, Toronto, ON M9L 1Z8
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For Sale · Industrial
149 Milvan Drive, Toronto, ON M9L 1Z8
Toronto W05 · Humber Summit
Outside/Surface garage
0
Beds
—
Baths
0
Parking
10330 sq ft
Sq ft
—
Built
The honest picture
List price
$4,495,000
Renavu Estimate
—
Benchmark · All homes
$817,400
Listed 450% above the Humber Summit benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
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.
Property details
Listed on
September 18, 2025
Days on market
309 days
Property tax
$35,859.06 (2025)
Lot
100.12 × 236.3 Feet
Heating
Radiant
Cooling
Partial
MLS®
W12412469
Full details
Parking
GarageOutside/Surface
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$98,850
Toronto municipal LTT$118,750
Legal · title · inspection$2,800
Closing costs$220,400
Down payment$899,000
Total cash to close$1,119,400
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.