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50-70 Novopharm Ct - Milner Business Park 2,823 - 7,998 SF Industrial Condo Units Offered at $1,032,567 - $2,918,188 Per Unit in Toronto, ON M1B 2K9
Investment Highlights
- Milner Business Park offers industrial condos from 2,850 to 25,000 SF with flexible warehouse layouts and office spaces in the heart of Scarborough.
- Well-maintained units offer ample parking, six access points, 53-foot trailer access, and a Toronto Hydro power upgrade to 200 amps.
- Strategically located near Highway 401 and a 40-minute drive to Pearson Airport, offering seamless GTA connectivity for distribution.
- Units feature 16-foot clear heights, truck-level and drive-in loading doors, accommodating 53-foot trailers for efficient logistics.
- Zoned E0.6, the park supports light industrial, warehousing, research and development, and tech-focused uses in a vibrant business community.
- Local amenities like Tim Hortons, McDonald’s, and KFC, plus access to a skilled labor pool of 750,000 within 10 kilometres, enhance operations.
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.
Property Facts
Amenities
- Signage
9 Units Available
Unit 50
| Unit Size | 7,998 SF | Condo Use | Industrial |
| Price | $2,918,188 USD | Sale Type | Owner User |
| Price Per SF | $364.86 USD |
| Unit Size | 7,998 SF |
| Price | $2,918,188 USD |
| Price Per SF | $364.86 USD |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 50 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 52
| Unit Size | 2,823 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 2,823 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 52 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 54
| Unit Size | 2,832 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 2,832 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 54 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 56
| Unit Size | 2,872 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 2,872 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 50 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 58
| Unit Size | 2,871 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 2,871 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 58 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 60
| Unit Size | 2,830 SF | Condo Use | Industrial |
| Price | $1,032,567 USD | Sale Type | Owner User |
| Price Per SF | $364.86 USD |
| Unit Size | 2,830 SF |
| Price | $1,032,567 USD |
| Price Per SF | $364.86 USD |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 60 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 62
| Unit Size | 3,006 SF | Condo Use | Industrial |
| Price | $1,096,783 USD | Sale Type | Owner User |
| Price Per SF | $364.86 USD |
| Unit Size | 3,006 SF |
| Price | $1,096,783 USD |
| Price Per SF | $364.86 USD |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 62 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 64
| Unit Size | 3,134 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 3,134 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 64 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Unit 66
| Unit Size | 3,088 SF | Sale Type | Owner User |
| Condo Use | Industrial |
| Unit Size | 3,088 SF |
| Condo Use | Industrial |
| Sale Type | Owner User |
Description
Unit 66 is located at 50-70 Novopharm Court. The Condo conversion has completed and can be closed within 30 days of signing.
Sale Notes
Standard industrial space offering a single truck loading door.
Demographics
Regional Accessibility
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Golden Spoon Restaurant | Indian | $$$ | 11 min walk |
| Barrio Fiesta | Filipino | $$$ | 11 min walk |
| pizza pizza | Pizza | - | 11 min walk |
| Tim Hortons | Cafe | $ | 13 min walk |
| Ai Sushi | Japanese | $$$ | 14 min walk |
| Fat Bastard Burrito | - | - | 14 min walk |
| Subway | - | - | 14 min walk |
Retail |
||
|---|---|---|
| Becker's | Convenience Market | 7 min walk |
| Circle K | Convenience Market | 7 min walk |
| YMCA | Fitness | 9 min walk |
| Freedom Mobile | Wireless Communications | 11 min walk |
| The UPS Store | Business/Copy/Postal Services | 11 min walk |
| Pharmasave | Drug Store | 11 min walk |
| TD Canada Trust | Bank | 11 min walk |
| Dollarama | Dollar/Variety/Thrift | 14 min walk |
Hotels |
|
|---|---|
| Travelodge |
148 rooms
3 min drive
|
| Holiday Inn Express |
140 rooms
4 min drive
|
| Best Western Plus |
95 rooms
4 min drive
|
| Delta Hotel |
367 rooms
7 min drive
|
| Knights Inn |
91 rooms
10 min drive
|
| Super 8 |
49 rooms
11 min drive
|
Sale Advisors
Sale Advisors
Andrew Gallifent, Vice President, Sales Representative
To date, Andrew has been involved in 223 office and industrial/commercial real estate transactions totaling approximately 685,000 square feet. Although the majority of his work takes place in the GTA, Andrew has completed assignments across Canada including Vancouver, Calgary and Montreal, as well as London Ontario, Aurora and Milton.
Andrew has a strong track record working with, and on behalf of, many socially conscious and not for profit organizations. They include: The Ontario Undergraduate Student Alliance, the United Ostomy Association of Canada, The Metro Toronto Movement for Literacy, The Teamsters Union, and Unite HERE.
Andrew and fellow Associate Paul Cheevers were given the responsibility of negotiating a new premises lease for the Action Centre, serving the needs of the hotel and restaurant employees displaced by the economic impact of the SARS crisis. This was a joint venture between all three levels of government and the union that represents the industry's workers.
Andrew is a strong proponent of Lennard Commercial's Work to LiveTM philosophy. Having played three years of Tier II junior hockey as a young man, Andrew has devoted a great deal of his time to the development of young athletes. He has served as a coach with the Markham Islanders AAA hockey club for a number of years and is currently a member of the scouting staff for the Kingston Frontenacs of the Ontario Hockey League (OHL). Away from the rink Andrew challenges his creative side as an amateur painter and screenwriter. Andrew has been happily married to his lovely wife Natalie since 1998.
Brandon Liu, Sales Representative
Yukie Chu, Associate, Sales Representative
Robert Logiudice, Vice President - Sales Representative
Contacts
-
Andrew Gallifent -
Brandon Liu -
Yukie Chu -
Robert Logiudice -
KOLT Realty Inc, Brokerage
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50-70 Novopharm Ct - Milner Business Park
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