25
$13,800,000
58 Milvan Drive, Toronto, ON M9L 1Z3
Humber Summit · W05
11 ba
36,804 sf
2 weeks on marketMLS® W14102598
Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
1 / 10
For saleMLS® W13224928
5235 Steeles Avenue W, Toronto, ON M9L 2W2
Humber Summit · W05 · M9L 2W2
$16,900,000
$1,146 / sq ft5 months on market
- Total area
- 14,752 sf
- Lot
- 200.02 × 200 ft
What's special
- Outside/surface garage
- Partial
About this property
Exceptional freestanding commercial building located on a high-profile corner lot with outstanding exposure along Steeles Ave W. Strategic North York location with convenient access to Highways 400, 401, and 407. Well-maintained multi-tenant property featuring strong covenant tenants, consistent rental income, and a strong capitalization rate. Long-standing occupants demonstrate the stability of the asset and are expected to continue their tenancy. A rare opportunity to acquire a quality investment property in one of Toronto's most sought-after commercial corridors.
Property details
Property
- Property type
- industrial
- Interior size
- 14,752 sq ft
- Lot size
- 200.02 × 200 ft
- Zoning
- MC(H)
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Partial
Exterior & services
- Garage
- Outside/Surface
Costs
- List price
- $16,900,000
- Property taxes
- $31,982 / year (2025)
- Price per sq ft
- $1,146
Listing
- MLS® number
- W13224928
- Status
- For sale
- Listed
- June 1, 2026
- Days on market
- 156
- Last updated
- September 11, 2026
- Listing brokerage
- SUPERSTARS REALTY LTD.
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 above most comparable listings — about 89% of comparable industrial listings in Humber Summit are asking less.
$2.63MMedian $10.70M$16.29M
- This home
- $1,146 / sq ft
- Comparable median
- $375 / 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 $3,380,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $74,754.40
- Property tax (est.)
- $2,665.20
- Estimated monthly
- $77,420
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
- $408,975
- Toronto municipal
- $864,975
- Total due on closing
- $1,273,950
An estimate on the asking price of $16,900,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of SUPERSTARS REALTY LTD.. 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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