231 Millway Avenue Unit 7, 8 , 23

ActiveVaughan · Concord34 days on marketMLS® N13749096

$11,888,888

$653 / sq ft

Bedrooms0

Bathrooms4

Interior18,193 sq ft

Lot Size18,193 sq ft

TypeCommercial

ListingFor Sale

Days on Market34

About this property

Exceptional owner-user and investment opportunity in one of Vaughan's most dynamic employment and mixed-use corridors. Offering consists of three legally separate industrial condominium units totaling approximately 18,193 sq. ft., currently operating as one seamless facility with no demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. Approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, ideal for food processing, cold storage, distribution, manufacturing and specialty operations.Two separately leased spaces currently generate $3,600/month each ($7,200/month total), providing modest interim holding income while occupying or planning future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and new mezzanine staircase (est. $25,000 to complete) - a head start on value-add work already underway.The broader complex has received approval for Prestige Mixed-Use II designation under the newly-approved Vaughan Official Plan, expanding permitted commercial, retail and office uses. A separate planning application affecting the wider complex is expected before the City; a favourable outcome could enhance long-term value, though any such potential is speculative, would require assembly of the broader 22-unit condominium (of which the subject comprises 3 units), and remains subject to further approvals and purchaser due diligence. Prominent corner exposure on Millway Avenue, minutes to Highways 400, 407, 7 and the Vaughan Metropolitan Centre subway. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with holding income and long-term upside in one of Vaughan's fastest-growing corridors.

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Property details

MLS® Number	N13749096
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	18,193 sq ft
Lot Size	18,193 sq ft
Beds / Baths	0 bed · 4 bath
Property Taxes (2025)	$50,011
Neighbourhood	Concord
City	Vaughan
Postal Code	L4K 3W7
Province	ON
Listed Date	September 5, 2026
Days on Market	34
Price per Sq Ft	$653
Brokerage	KELLER WILLIAMS ADVANTAGE REALTY