Toronto, ON · M9L 2A9 · MLS® W13512684Updated
$12,200,000
40 Penn Dr is an industrial in Toronto, listed for $12,200,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Well-maintained industrial facility totaling 42,563 square feet, ideally situated in a prime location with exceptional access to Highways 400, 401, and 407. Fully leased industrial investment property generating stable, predictable cash flow. The property features two drive-in doors and five truck-level doors, offering an efficient and functional layout suitable for warehousing, distribution, or light manufacturing. Clean and versatile space presents an excellent opportunity for owner-users or investors.
Toronto industrial priced at $12,200,000 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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From 40 Penn Dr. Typical times without traffic delays; transit times aren't available yet.
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Listing brokerage: CBRE LIMITED, BrokerageMLS® W13512684 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other homes for sale in Toronto around $12M.
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Every active Toronto MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Stations and stops, straight-line distance
Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.
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Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.
40 Penn Dr is listed at $12,200,000 (MLS® W13512684). Summitly updates the price as soon as the MLS® record changes.
No — 40 Penn Dr is still listed at its original asking price of $12,200,000.
The listing for 40 Penn Dr doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Duncanwoods Station (Line 6), about 380 m (about a 5-minute walk) in a straight line. Milvan Rumike Station is about 420 m (about a 5-minute walk), and Pearldale Station is about 740 m (about a 9-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $12,200,000 is about 1344% above the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 40 Penn Dr on record from the last two years. Older records aren't shown under TRREB rules.
40 Penn Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
131 days — 40 Penn Dr was listed on June 30, 2026.
About $942,550 at the asking price of $12,200,000: $291,475 Ontario land transfer tax plus $651,075 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 40 Penn Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
The listing for 40 Penn Dr doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
