116 Rayette Road, Vaughan, ON L4K 2G3

About this home

Excellent investment opportunity to acquire a sought-after freestanding M1-zoned industrial building in Vaughan. Situated on a substantial lot with approximately 201.43 ft. of frontage and 433.11 ft. of depth, the property offers 40,056 sq. ft. of total floor area, including approximately 34,500 sq. ft. of industrial space, 5,000 sq. ft. of office space, and an additional 1,000 sq. ft. basement area plus approximately 1000 sq.ft mezzanine. The warehouse features clear heights ranging from approximately 18 to 22 ft., including a portion with 20 ft. clear height. Shipping capabilities include seven truck-level doors and three drive-in doors. Additional features include 9 front entrances, 9 separate water and hydro meters, rear garage/loading doors, five separate office entrances, six washrooms, a change room, sprinklers, gas-forced-air heating, and more than 60 on-site parking spaces. Heavy electrical power includes 1,600 amps, 208 volts, three-phase, four-wire service. An Electrical Safety Authority Certificate of Inspection is available. The building's configuration offers the potential to divide the property into as many as 11 separate units, each with a front entrance and rear garage/loading door, subject to municipal approvals. Ideally suited to service, warehousing, manufacturing, and distribution businesses. The property is currently tenanted at a net rental rate of $18.00 per sq. ft., plus $4.50 per sq. ft. TMI. From March 1st, 2027 the Tenant will pay $19 per sq.ft plus $4.50 TMI. The tenancy expires March 1, 2028, presenting an attractive opportunity for investors or future owner-users. Conveniently located with quick access to Highways 7, 27, 407, and 427, and approximately 20 minutes from Toronto Pearson International Airport. The Roof has been replaced 10 years ago. The existing tenant may remain, subject to mutual agreement between the Buyer and the Tenant.

Home details

Days on market

Not reported

Property type

Industrial

MLS® number

N13733544

Source status

Price Change

Bathrooms

6

Postal code

L4K 2G3

Building area (total)

40,056 sq ft

Lot depth

433.09 ft

Garage parking spaces

Not reported

Total parking spaces

Not reported

Occupancy

Owner+Tenant

Possession type

Flexible

Garage

None

Annual property tax

77084.73

Heating system

Gas Forced Air Closed

Cooling

Yes

Utility services

Yes

MLS entry age (not confirmed DOM)

66 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Reported utility services

Yes

Heating system

Gas Forced Air Closed

Cooling

Yes

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Room-count details have not been supplied for this listing.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$16,500,000

1. Sep 1, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

YORK

Municipality

VAUGHAN

MLS® community

Concord