Salehian.com 647-325-5000

116 Rayette Road

Concord, Vaughan, L4K 2G3

$17,800,000

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  • 6 bathrooms

Listed 48 days ago · MLS® N13733544

About this home

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. 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.

Details

Type
Industrial
Lot
201.43 × 433.09 ft
Garage
None
Property tax
$77,085 (2026)
Neighbourhood
Concord
Municipality
Vaughan

Interior

Bathrooms
6 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
40,056 Square Feet

More

Possession
Flexible
Cross street
Keele and HWY7

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Car-dependent

  • 🚆 Rutherford GO3.4 km

Within a 10-minute walk: no grocery stores, 5 cafés and restaurants, 0 parks.

Schools nearby

Elementary

  • Our Lady of the Rosary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 84%, math 50%    2.0 km
  • Glen Shields Public School
    EQAO: Gr 6 reading 88%, math 59%    2.1 km
  • St. Joseph The Worker Catholic Elementary School Catholic
    EQAO: Gr 6 reading 96%, math 59%    2.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L4K

Owners / renters
68% / 32%
Median household income
$92,000
Average age
40
Children under 15
13%
Homes
36% detached, 38% high-rise
Commute by transit
14%
Population
20,172

Languages spoken most at home besides English: Russian 6.3%, Italian 3.4%, Mandarin 2.9%, Yue (Cantonese) 2.1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for York Region police: 50 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 20 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by MOVE UP REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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