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503 & 505 Garyray Drive, North York – Premier Toronto Industrial Real Estate

Looking for industrial property for sale or lease in Toronto? Discover an exceptional opportunity at 503 & 505 Garyray Drive, strategically located in North York, just moments from major GTA highways and urban amenities. These properties offer rare flexibility, surplus land, and top-tier features ideal for logistics, warehousing, manufacturing, or investment.

Prime Location – North York, City of Toronto

  • Intersection: Weston Road & Steeles Avenue West
  • Rapid access to Highways 400, 401, 407, and 427
    • 5 minutes to Highway 400 & 407
    • 8 minutes to Highway 401
    • 12 minutes to Pearson International Airport
    • 20 minutes to CP Intermodal Terminal
  • Close to public transit, GO Stations, and major commercial nodes
  • Strong industrial hub with convenient connections to Vaughan, Brampton, Mississauga, and central Toronto

Property Overview

Address

Building Size

Lot Size

Surplus Land

Office Area

Ceiling Height

Shipping

Power

Zoning

Asking Price

Lease Rate

503 Garyray Drive

11,164 SF

0.84 acres

±0.25 acres

2,312 SF

32’2″ clear

2DI, 1TL

800A/600V

EH 1.0

$7,100,000

$18.50 PSF NNN

505 Garyray Drive

15,037 SF

1.14 acres

±0.4 acres

2,464 SF

18′ clear

4DI, 2TL

200A/600V

EH 1.0

$8,650,000

$17.95 PSF NNN

 

Purchase or lease individually or together for a combined total of 26,201SF on 1.98 acres!

Building Features

503 Garyray Drive:

  • Column-free warehouse with 30’ rear overhang
  • Ceiling height: 32’2” clear (purpose-built for racking & storage efficiency)
  • 2 drive-in doors (20’x20’, 16’x16’) and 1 truck-level door with automatic operation
  • 800A/600V power – ideal for heavy equipment or manufacturing
  • ±0.25 acres surplus land for outside storage
  • Modern office space: 2,312SF
  • Ample parking and vehicle circulation

505 Garyray Drive:

  • Ceiling height: 18’ clear with LED warehouse lighting
  • 4 drive-in doors, 2 truck-level docks for excellent shipping/receiving flexibility
  • Sprinklered and heated warehouse (infrared radiant)
  • ±0.4 acres surplus land for outside storage
  • 2,464SF office component
  • 200A/600V power

Zoning & Permitted Uses (EH 1.0)

EH 1.0 zoning in Toronto allows for a wide range of industrial and employment uses, including:

  • Warehousing & distribution
  • Manufacturing
  • Vehicle depot/repair
  • Building supply yard & contractor’s shop
  • Cold storage and dry cleaning/laundry plant
  • Laboratory, service shop, custom workshop
  • Public utility, police, fire, and ambulance depot
  • Shipping terminal, waste transfer station
  • Outside storage permitted on surplus land

Amenities & Area Demographics

  • Close proximity to restaurants, shopping destinations, hotels, and fitness centers
  • Strong labour pool in North York and adjacent municipalities
  • Established industrial/commercial neighbourhood, ideal for logistics and last-mile distribution
  • Nearby parks and green spaces (Claireville Conservation Area)

Why 503 & 505 Garyray Drive?

  • Flexible acquisition: Buy or lease together/individually
  • Outstanding accessibility: Major GTA highways and public transit nearby
  • Modern industrial features: High clear heights, large drive-in and dock doors, ample surplus land
  • Investment or owner-user potential: Suitable for distribution, manufacturing, service trades, and specialized industrial use
  • Growing Toronto industrial market: Take advantage of high demand for functional, well-located industrial space

For More Information or to Schedule a Tour

Contact:

  • Goran Brelih, B.Sc.Eng., SIOR – Executive Vice President, Broker
  • Diana McKennon – Sales Representative
    Cushman & Wakefield

Experience the value of Toronto industrial real estate with 503 & 505 Garyray Drive. Optimally positioned for your growing business or investment portfolio.

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Contact us today to secure your next industrial facility in the heart of Toronto!

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