116 RAYETTE ROAD, Vaughan (Concord)

$17,800,000

For sale: Other

Other at 116 RAYETTE ROAD, Vaughan (Concord)
Property type
Industrial
Bedrooms / bathrooms
6 bathrooms
MLS®
MLS® N13733544
Neighbourhood
Concord

Excellent investment opportunity to acquire a sought-after freestanding M1-zoned industrial building in Vaughan. Situated on a substantial lot with approximately 201.43 ft. of frontage and 433.11 ft. of depth, the property offers 40,056 sq. ft. of total floor area, including approximately 34,500 sq. ft. of industrial space, 5,000 sq. ft. of office space, and an additional 1,000 sq. ft. basement area plus approximately 1000 sq.ft mezzanine. The warehouse features clear heights ranging from approximately 18 to 22 ft., including a portion with 20 ft. clear height. Shipping capabilities include seven truck-level doors and three drive-in doors. Additional features include 9 front entrances, 9 separate water and hydro meters, rear garage/loading doors, five separate office entrances, six washrooms, a change room, sprinklers, gas-forced-air heating, and more than 60 on-site parking spaces. Heavy electrical power includes 1,600 amps, 208 volts, three-phase, four-wire service. An Electrical Safety Authority Certificate of Inspection is available. The building's configuration offers the potential to divide the property into as many as 11 separate units, each with a front entrance and rear garage/loading door, subject to municipal approvals. Ideally suited to service, warehousing, manufacturing, and distribution businesses. The property is currently tenanted at a net rental rate of $18.00 per sq. ft., plus $4.50 per sq. ft. TMI. From March 1st, 2027 the Tenant will pay $19 per sq.ft plus $4.50 TMI. The tenancy expires March 1, 2028, presenting an attractive opportunity for investors or future owner-users. Conveniently located with quick access to Highways 7, 27, 407, and 427, and approximately 20 minutes from Toronto Pearson International Airport. The Roof has been replaced 10 years ago. The existing tenant may remain, subject to mutual agreement between the Buyer and the Tenant.

Sold data

Homes in Concord — recent sold market

Homes in Concord took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 50, across 35 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $529,900.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 3% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
33
Median sale price
$529,900
Sale-to-list ratio
96.3%
Sold above asking
3%

Based on 35 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Vaughan (Concord)

Vaughan (Concord) has 91 Fraser Institute–rated schools (76 elementary and 15 secondary), averaging 7.1/10.

Rated schools
91
Elementary
76
Secondary
15
Average rating
7.1 / 10

Top-rated schools in Vaughan (Concord)

  • Pierre Berton — elementary, VaughanFraser rating 8.2/10
  • Guardian Angels — elementary, VaughanFraser rating 7.7/10
  • Le-Petit-Prince — elementary, VaughanFraser rating 7.2/10
  • St Michael the Archangel — elementary, VaughanFraser rating 7.1/10
  • Glenn Gould — elementary, VaughanFraser rating 6.7/10
  • Nellie McClung — elementary, VaughanFraser rating 6.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 116 RAYETTE ROAD