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740 Weller Crt 12,387 SF 100% Leased Industrial Building Oakville, ON L6K 3S9 $8,664,323 USD ($699.47 USD/SF)
Investment Highlights
- Less than 1KM to QEW Hwy and Dorval interchange
- Low site coverage of ~9%
- Zoning permits outside storage
- Multi-unit building with four separate units
- Excess land of ~1.50 acres
- Lot has a rectangular shape with generally flat topography
Executive Summary
Avison Young has been retained to offer for sale 740 Weller Court, Oakville, ON (the “Property”). This offering represents a rare opportunity for investors or end-users toacquire a 12,387 sf light industrial building on a 2.69-acre site.
740 Weller Court is comprised of one L-shaped multi-tenanted light industrial building. The building is currently split into five (5) units with the bulk of tenancies being month-to-month. The building’s low site coverage of approximately 9% and position on the lot provides a large excess area suitable for building expansion or outside storage requirements. Flexible E3 sp:3-Industrial zoning permits a wide range of uses including outside storage and motor vehicle.
The Property is serviced by Highway 403 and the Queen Elizabeth Way, both of which are within a 3-minute drive. A short drive west to Speers Road and Kerr Street unlocks access to numerous amenities and quick serve restaurants.
740 Weller Court is comprised of one L-shaped multi-tenanted light industrial building. The building is currently split into five (5) units with the bulk of tenancies being month-to-month. The building’s low site coverage of approximately 9% and position on the lot provides a large excess area suitable for building expansion or outside storage requirements. Flexible E3 sp:3-Industrial zoning permits a wide range of uses including outside storage and motor vehicle.
The Property is serviced by Highway 403 and the Queen Elizabeth Way, both of which are within a 3-minute drive. A short drive west to Speers Road and Kerr Street unlocks access to numerous amenities and quick serve restaurants.
Property Facts
| Price | $8,664,323 USD | Lot Size | 2.69 AC |
| Price Per SF | $699.47 USD | Rentable Building Area | 12,387 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1989 |
| Property Subtype | Warehouse | Parking Ratio | 5.65/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Zoning | E-3 - Employment Industrial | ||
| Price | $8,664,323 USD |
| Price Per SF | $699.47 USD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.69 AC |
| Rentable Building Area | 12,387 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 5.65/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | E-3 - Employment Industrial |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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740 Weller Crt
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