964-996 Albion Rd 62,000 SF 93% Leased Retail Building Toronto, ON M9V 1A7 For Sale

Colliers International is pleased to offer for sale 964-1010 Albion Road (the “Property”), a high-profile commercial property located in Etobicoke, Ontario near the Albion Rd/Islington Ave intersection. Spanning 1.80-Acres (78,553 SF), the site features a gross leasable area of 35,230 SF, consisting of a variety of retail and office tenancies. With significant renovations made between 2015–2024, the property is well-maintained with updated infrastructure, including a modern HVAC system, electrical upgrades, and a new roof. The property boasts a 93% occupancy rate and a 4.0 year weighted average lease term (“WALT”), with a diverse tenant roster, currently generating $1.00M in net operating income (“NOI”) and an average net rent of $29.24/SF, with the potential to increase NOI through leasing the 7% of vacancy. The tenant mix includes healthcare providers, service based retailers, and restaurants, offering income stability and a strong foundation for growth. With two driveways along Albion Road and 68 parking stalls, the property provides excellent accessibility, supported by nearby TTC bus routes and proximity to Highway 401 and 427. The Property’s zoning and 1.80-acre lot further enhance its long-term potential, offering opportunities for intensification or redevelopment under Toronto’s Mixed-Use policy framework. The property offers investors a rare opportunity to acquire a leased plaza with immediate income, significant value-add potential, and redevelopment flexibility.