Welcome to this remarkable industrial located in the coveted neighborhood of Humber Summit. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $12,200,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Well-maintained industrial facility totaling 42,563 square feet, ideally situated in a prime location with exceptional access to Highways 400, 401, and 407. Fully leased industrial investment property generating stable, predictable cash flow. The property features two drive-in doors and five truck-level doors, offering an efficient and functional layout suitable for warehousing, distribution, or light manufacturing. Clean and versatile space presents an excellent opportunity for owner-users or investors.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 40 Penn Drive, Toronto, ON M9L 2A9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $12,200,000 in Toronto, the legal minimum down payment is $2,440,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $291,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $291,475 also applies, bringing the total estimated land transfer taxes to $582,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.