58 Milvan Drive: Modern Crane-Served Industrial Building for Sale in Toronto
58 Milvan Drive in Toronto is a rare opportunity to acquire a modern crane‑served industrial facility with excellent power, clear heights, and access to major highways and transit, ideal for manufacturers looking for quality industrial real estate in the City of Toronto.
Property overview
This freestanding industrial building totals approximately 36,804 square feet on 1.19 acres in an established Toronto industrial node, zoned E1.0 to accommodate a wide range of industrial, warehousing, and employment uses. The layout combines efficient warehouse space, high‑function second floor offices, and a bonus steel mezzanine, providing a flexible environment for single‑tenant occupancy. Modernized in 2022 with an addition, upgraded lighting, and building systems, this property suits both owner‑occupiers and investors seeking stable industrial income in the Greater Toronto Area.
Building features for industrial users
The building offers 36,804 square feet of rentable area, including 1,266 square feet of main floor office, 27,584 square feet of warehouse and support areas, and 7,644 square feet of second floor office, measured in accordance with BOMA Industrial Standard ANSI/BOMA Z65.2 2025 for single tenant occupancy. Clear heights range from approximately 12 feet 6 inches to 22 feet 10 inches, providing functional warehousing and production space for a wide variety of industrial operations. Shipping is handled via four drive‑in doors, including one oversized 16’ x 10’ drive‑in door, which supports efficient movement of vehicles, machinery, and materials.
Power and mechanical infrastructure are designed for heavier industrial users, with 1,200 amps of electrical service, one 5‑ton bridge crane, LED lighting throughout the warehouse, and three HVAC units serving the warehouse area. A bonus 2,471 square foot steel mezzanine provides additional storage or light assembly area without significantly increasing the building footprint. Together, these specifications make 58 Milvan Drive highly attractive to manufacturers, fabricators, construction and building supply users, and industrial service companies searching for a functional industrial building for sale in Toronto.
Zoning, permitted uses, and flexibility
The property is located in the City of Toronto’s E1.0 Employment zoning, which permits a broad spectrum of industrial and employment uses, subject to applicable conditions. Permitted uses include traditional manufacturing, warehouse, cold storage, laboratory, software development and processing, industrial sales and service, contractor’s establishment, building supply yards, printing establishment, custom workshop, and production studio. Additional employment and service uses are also contemplated, such as office, financial institution, park, performing arts studio, pet services, and service shop.
The E zone further allows a range of conditional uses, including shipping terminal, transportation use, vehicle depot, vehicle repair shop, vehicle service shop, vehicle fuel station, recovery facility, recreation use, renewable energy, public works yard, and public utility, among others, subject to compliance with the zoning by‑law conditions. Select retail and service components—such as retail store, retail service, eating establishment, take‑out eating establishment, and drive‑through facility—may also be permitted with conditions, creating opportunities for hybrid industrial, showroom, and service‑oriented occupancies. This zoning flexibility positions 58 Milvan Drive as a strategic asset for companies seeking long‑term operational stability and the ability to adapt their use over time within the Toronto industrial market.
Location, access, and transportation
58 Milvan Drive is situated in a mature industrial pocket of Toronto with quick access to major 400‑series highways, the airport, and key employment corridors. The property is approximately 6.6 kilometres from Highway 407, 8.4 kilometres from Highway 401, 13.0 kilometres from Toronto Pearson International Airport, and 32.3 kilometres from Billy Bishop Toronto City Airport, offering efficient connectivity for regional and international logistics. For employees and visitors, proximity to TTC Line 1 (Yonge‑University) and the new Line 6 Finch West provides convenient public transit options into and out of the area.
The surrounding industrial node benefits from a strong labour pool, established industrial and commercial neighbours, and fast access to major north‑south and east‑west routes like Weston Road and Finch Avenue. This combination of road and transit access makes the property especially compelling for distribution, last‑mile logistics, urban manufacturing, and service operations that depend on reliable access for staff and fleet vehicles. Occupiers seeking an industrial building for sale in North York or Toronto with strong transportation infrastructure will find this location competitively positioned within the GTA industrial market.
Investment and pricing highlights
Offered at an asking price of $14,500,000, 58 Milvan Drive presents investors and owner‑users with an opportunity to secure a high‑quality industrial asset in a supply‑constrained Toronto market. Annual realty taxes are reported at $91,314.56 (2026), providing a transparent view of ongoing occupancy costs in evaluating the property’s total cost of ownership. With modern infrastructure, a recent building addition completed in 2022, crane capacity, strong power, and flexible office/warehouse configuration, the property is well‑positioned to appeal to a wide mix of industrial and employment users over the long term.
For more information about 58 Milvan Drive in Toronto, including detailed financials, tours, and confidential discussions, prospective buyers and tenants are encouraged to contact the listing team at Cushman & Wakefield as noted in the property brochure.
