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445 Milner Ave 2,835 - 7,974 SF Industrial Condo Units Offered at $1,098,661 Per Unit in Toronto, ON M1B 2K4



Investment Highlights
- E0.6 zoning
- 16' clear height
- Partially air conditioned
Executive Summary
Milner Business Park is a premier industrial community in the heart of Scarborough, offering a rare owner/user or value-add investment opportunity. The industrial park features institutionally maintained condo units ranging from 2,850 to 25,000 square feet, designed to support a wide range of uses. Milner Business Park includes four buildings: 465 Milner Avenue, 455 Milner Avenue, 445 Milner Avenue, and 50-70 Novopharm Court. Units provide functional warehouse layouts with 16-foot clear heights, single truck-level loading doors, select drive-in access, and dedicated office areas with large windows and open configurations. With ample parking, accommodation for 53-foot trailers, six access points via Miller Avenue, and an ongoing Toronto Hydro power upgrade supporting up to 200 amps, the asset delivers operational flexibility while positioning occupants to build long-term equity and benefit from capital appreciation in a supply-constrained Greater Toronto Area (GTA) industrial market. Zoned E0.6, Milner Business Park supports light industrial, warehousing and distribution, light- to medium-manufacturing, research and development, and technology-focused uses, fostering a diverse and resilient business environment. The design accommodates everything from small-scale logistics and storage to hybrid office-industrial operations, allowing businesses to grow. Ownership eliminates exposure to rising rents and landlord uncertainty while strengthening balance sheets through asset appreciation and potential future passive income. Situated in one of Toronto’s most established industrial nodes, the industrial condos benefit from immediate access to Highway 401 and efficient connectivity across the GTA, with Toronto Pearson International Airport within a 40-minute drive. The surrounding area offers strong labour fundamentals, drawing on a skilled workforce of over 750,000 people within 10 kilometres and near Centennial College and other trade and higher education institutions. Nearby amenities, such as Tim Hortons, McDonald’s, and KFC, are within 1 kilometre. Milner Business Park stands out as a strategic opportunity to secure flexible industrial space in a proven employment corridor built for long-term performance.
7 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Sale Type | Owner User |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 7,321 SF | Industrial | Upon Request | - |
| Unit 3 | 3,102 SF | Industrial | $1,098,661 USD ($354.18 USD/SF) | - |
| Unit 5 | 2,987 SF | Industrial | Upon Request | - |
| Unit 7 | 2,853 SF | Industrial | Upon Request | - |
| Unit 9 | 2,837 SF | Industrial | Upon Request | - |
| Unit 10 | 2,835 SF | Industrial | Upon Request | - |
| Unit 11 | 7,974 SF | Industrial | Upon Request | - |
Unit 1
| Unit Size |
| 7,321 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 3
| Unit Size |
| 3,102 SF |
| Condo Use |
| Industrial |
| Price |
| $1,098,661 USD ($354.18 USD/SF) |
| NOI |
| - |
Unit 5
| Unit Size |
| 2,987 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 7
| Unit Size |
| 2,853 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 9
| Unit Size |
| 2,837 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 10
| Unit Size |
| 2,835 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 11
| Unit Size |
| 7,974 SF |
| Condo Use |
| Industrial |
| Price |
| Upon Request |
| NOI |
| - |
Unit 1
| Unit Size | 7,321 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Welcome to Milner Business Park; Featuring this Prime industrial unit offering 7294 sqft with 16' clear height, & 2 Truck Loading Docks, ideal for end users or investors. Great location in high demand industrial area with quick access to Hwy 401, a key benefit for logistics and transport-oriented businesses. Condo is fully registered to accept closings within 30-days.</li></ul> | |
| Sale Notes | |
| Flexible E0.6 zoning can accommodate a wide range of industrial uses. The property's three access points streamline entry and exit, with ample parking spaces for your staff & clients. Vendor options for turnkey office build-outs & renovations, the space is easily adaptable to your needs. This industrial unit is a smart choice for operational efficiency and investment potential.</li></ul> |
Unit 3
| Unit Size | 3,102 SF |
| Condo Use | Industrial |
| Price | $1,098,661 USD ($354.18 USD/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| Condo is fully registered to accept closings within 30-days.</li></ul> | |
| Sale Notes | |
| Standard industrial condo offering. Approximate 50/50 split of office to warehouse space with the office portion making up 1,585 sf. Warehouse has a single dock door included.</li></ul> |
Unit 5
| Unit Size | 2,987 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Welcome to Milner Business Park; Featuring this Prime industrial unit offering 2843 sqft with 16' clear height, & 1 Truck Loading Dock, ideal for end users or investors. Great location in high demand industrial area with quick access to Hwy 401, a key benefit for logistics and transport-oriented businesses. Flexible E0.6 zoning can accommodate a wide range of industrial uses. Condo is fully registered to accept closings within 30-days.</li></ul> | |
| Sale Notes | |
| The property's three access points streamline entry and exit, with ample parking spaces for your staff & clients. Vendor options for turnkey office build-outs & renovations, the space is easily adaptable to your needs. This industrial unit is a smart choice for operational efficiency and investment potential.</li></ul> |
Unit 7
| Unit Size | 2,853 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| This unit can be combined with units 7 through 11 for a total of 19,377 square feet.</li></ul> |
Unit 9
| Unit Size | 2,837 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| This unit can be combined with units 7 through 11 for a total of 19,377 square feet.</li></ul> |
Unit 10
| Unit Size | 2,835 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| This unit can be combined with units 7 through 11 for a total of 19,377 square feet.</li></ul> |
Unit 11
| Unit Size | 7,974 SF |
| Condo Use | Industrial |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| This unit can be combined with units 7 through 11 for a total of 19,377 square feet.</li></ul> |
Property Facts
| Total Building Size | 42,165 SF | Typical Floor Size | 42,165 SF |
| Property Type | Industrial | Year Built | 1980 |
| Property Subtype | Warehouse | Lot Size | 2.37 AC |
| Building Class | C | Parking Ratio | 2.41/1,000 SF |
| Floors | 1 | ||
| Zoning | E - Employment Zone | ||
| Total Building Size | 42,165 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 42,165 SF |
| Year Built | 1980 |
| Lot Size | 2.37 AC |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | E - Employment Zone |
Amenities
- Signage
Presented by
445 Milner Ave
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