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 / 8
For saleMLS® W13512684
40 Penn Drive, Toronto, ON M9L 2A9
Humber Summit · W05 · M9L 2A9
$12,200,000
$287 / sq ft4 months on market
- Total area
- 42,563 sf
- Lot
- 263.88 × 300.39 ft
What's special
- Outside/surface garage
- Partial
About this property
Well-maintained industrial facility totaling 42,563 square feet, ideally situated in a prime location with exceptional access to Highways 400, 401, and 407. Fully leased industrial investment property generating stable, predictable cash flow. The property features two drive-in doors and five truck-level doors, offering an efficient and functional layout suitable for warehousing, distribution, or light manufacturing. Clean and versatile space presents an excellent opportunity for owner-users or investors.
Property details
Property
- Property type
- industrial
- Interior size
- 42,563 sq ft
- Lot size
- 263.88 × 300.39 ft
- Zoning
- E 1.0
- Possession
- Immediate
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Partial
Exterior & services
- Garage
- Outside/Surface
- Sewer
- Sanitary+Storm
Costs
- List price
- $12,200,000
- Property taxes
- $87,469 / year (2025)
- Price per sq ft
- $287
Listing
- MLS® number
- W13512684
- Status
- For sale
- Listed
- July 2, 2026
- Days on market
- 127
- Last updated
- July 28, 2026
- Listing brokerage
- CBRE LIMITED
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 56% of comparable industrial listings in Humber Summit are asking less.
$2.63MMedian $10.70M$18.77M
- This home
- $287 / 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 $2,440,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $53,964.71
- Property tax (est.)
- $7,289.11
- Estimated monthly
- $61,254
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
- $291,475
- Toronto municipal
- $559,475
- Total due on closing
- $850,950
An estimate on the asking price of $12,200,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CBRE LIMITED. 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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Similar properties nearby
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Listing courtesy of CBRE LIMITED
3
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177-181 Milvan Drive, Toronto, ON M9L 1Z9
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Listing courtesy of VANGUARD REALTY BROKERAGE CORP.