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231 Millway Avenue 7

Concord, Vaughan, L4K 3W7

$9,888,888

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  • 4 bathrooms

Listed 44 days ago · MLS® N13749096

About this home

Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18,193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3,600/month each ($7,200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25,000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors.

Details

Type
Industrial
Age
31-50 years
Lot
1 × 1 ft
Garage
Outside/Surface
Property tax
$50,011 (2025)
Neighbourhood
Concord
Municipality
Vaughan

Interior

Bathrooms
4 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Yes

Building and exterior

Age
31-50 years
Building area
18,193 Square Feet

More

Possession
Flexible
Cross street
Jane St & Hwy 7
Business type
Cooler/Freezer/Food Inspect

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

  • 🚇 Vaughan Metropolitan Centre Subway10 min walk
  • 🚇 Highway 407 Subway1.9 km
  • 🚆 Rutherford GO4.8 km

Within a 10-minute walk: 2 grocery stores, 16 cafés and restaurants, 0 parks, 1 pharmacy. Nearest grocery: Mapletri Supermarket (700 m).

Schools nearby

Elementary

  • St. John Bosco Catholic Elementary School Catholic
    EQAO: Gr 6 reading 89%, math 61%    2.4 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): 21 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 KELLER WILLIAMS ADVANTAGE REALTY.

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

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