8
$12,200,000
40 Penn Drive, Toronto, ON M9L 2A9
Humber Summit · W05
42,563 sf
4 months on marketMLS® W13512684
Listing courtesy of CBRE LIMITED
1 / 3
For saleMLS® W13046846
177-181 Milvan Drive, Toronto, ON M9L 1Z9
Humber Summit · W05 · M9L 1Z9
$10,699,999
$285 / sq ft6 months on market
- Total area
- 37,570 sf
What's special
- Outside/surface garage
- Yes
About this property
Freestanding industrial building totaling approximately 40,000 SF on 1.70 acres in a prime North York location. Currently configured with a retail component, offering ample power, 14'-20' clear height, and a mix of truck-level and drive-in shipping.Excellent access to Highways 400, 401 and 407. Situated in a strong industrial market with limited supply and consistent demand.Ideal for food production, manufacturing, warehousing or distribution users. Rare opportunity to acquire a freestanding asset in a highly sought-after industrial corridor.
Property details
Property
- Property type
- industrial
- Interior size
- 37,570 sq ft
- Zoning
- E
- Possession
- TBA
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
- Sewer
- Sanitary+Storm
Costs
- List price
- $10,699,999
- Property taxes
- $95,000 / year (2026)
- Price per sq ft
- $285
Listing
- MLS® number
- W13046846
- Status
- For sale
- Listed
- April 27, 2026
- Days on market
- 192
- Last updated
- October 2, 2026
- Listing brokerage
- VANGUARD REALTY BROKERAGE CORP.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 44% of comparable industrial listings in Humber Summit are asking less.
$2.63MMedian $12.20M$18.77M
- This home
- $285 / sq ft
- Comparable median
- $449 / sq ft
Based on 9 comparable active industrial listings in Humber Summit. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $2,140,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $47,329.70
- Property tax (est.)
- $7,916.67
- Estimated monthly
- $55,246
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $253,975
- Toronto municipal
- $461,975
- Total due on closing
- $715,950
An estimate on the asking price of $10,699,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of VANGUARD REALTY BROKERAGE CORP.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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