Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

36-38 Milvan Drive, Toronto, ON M9L 1Z3

Industrial
$26,250,000
$241,412,500,000per month
Rent
$241,412,500,000 / month
Rate
$26,250,000 / sq ft
Area
110,360 sq ft

Worked out from the rate and area the board publishes, at a twelfth of the annual figure. Confirm the terms before relying on them.

Exceptional opportunity to acquire a freestanding 110,360 SF industrial facility in Toronto's established Humber Summit industrial node. Strategically located with excellent access to Highways 400, 401 and407, as well as Pearson International Airport. The property features a functional warehouse configuration with 15'6" clear height, 16 truck-level shipping doors, 2 drive-in doors, and heavy power service (1,600 amps / 600 volts). E1 zoning allows for a broad range of industrial, commercial and institutional uses. Ideal for owner-users, investors, warehousing, distribution, manufacturing, and logistics operations.

MLS number
W13768618
Type
Industrial
Status
Active
Bedrooms
Bathrooms
Postal code
M9L 1Z3
Photos
18
Property tax
$166,372 / year
2days · this listing
2days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Daystrom Public School5.4 / 10
Elementary · Regular Track
TDSB boundary
Humber Summit Middle School5.9 / 10
Intermediate · Regular Track
TDSB boundary
Emery Collegiate Institute4.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Gracedale Public School
Toronto DSB
Elementary633 m5.3 / 10
53% met the standard · 3 of 6 measures
St Roch Catholic School
Toronto CDSB
Elementary983 m6.5 / 10
65% met the standard
St John Vianney Catholic School
Toronto CDSB
Elementary1.7 km6.8 / 10
68% met the standard
Emery EdVance Secondary School
Toronto DSB
Secondary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 844 people.

$82,000Median household income
63.5%Own their home
0%Detached houses
42.4Median age
55.3%Born outside Canada
17.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35201890 — the few blocks around this address, home to 844 people. It describes the area, not this property.

844Population
42.2Average age
3.1Household size
$93,000Average household income
$82,000Median household income
64%Own their home
37%Rent
0%Condominiums
55%Born outside Canada
18%University degree
$830,000Average home value
12%Low income
90%Not in the labour force
36%Never married
Under $5,0001%
$5,000 to $9,9991%
$20,000 to $24,9991%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9991%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over29%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over7%

Percentages are of the 375 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$5,250,000 · minimum here is $5,250,000
$116,229.32per month
Borrowed before insurance$21,000,000
Total borrowed$21,000,000
Interest over 25 years at 4.5%$13,868,796

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$86,343.65per month out of pocket
Rent$43,750.00
Everything it costs to hold$130,093.65
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 1 still in progress.

2424 FINCH AVE W452 m
Under Review · applied July 10, 2026

The Official Plan and Zoning By-law Amendment would facilitate redevelopment of a site that is designated as 'General Employment Areas' on Map 13 of the City of Toronto's Official Plan and zoned Employment Heavy Industrial (EH 1.0) and Industrial-Commercial (M…

City planning file →
130 TORYORK DR307 m
Closed · applied June 13, 2017

Site Plan application for the redevelopment of the site with a new plant and a two-storey metal clad building to accommodate office and warehouse space. The existing one-storey building, concrete batching plant and accessory structures will be demolished.

City planning file →
61 TORYORK DR418 m
Closed · applied April 7, 2010

New two storey addition to an existing EMS Garage to accommodate crew offices.

114 TORYORK DR317 m
Closed · applied March 8, 2010

Interior alteration to change an existing banquet hall into a place of worship including cartaker's residence.

46 MILVAN DR264 m
Closed · applied April 30, 2009

proposed second storey addition for office for existing building

108 TORYORK DR334 m
Closed · applied July 18, 2008

Site plan application to permit a 2-storey rear addition to an existing automobile body repair facility.

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by COLLIERS. Listing data provided by the Toronto Regional Real Estate Board.