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SaleIndustrial

50 Weybright Court

Toronto E07, ON M1S 5A8

Price

$2,993,000

Building Size

1,450 sq ft

MLS# E13871580 | Listed by RE/MAX ACE REALTY INC.

Business Details

Business Type

Laboratory

Property Use

Industrial Condo

Commercial Space & Financials

Retail Area

1,450 sq ft

Industrial Area

1,450 sq ft

Office / Apt Area

5 sq ft

Taxes (Annual)

$3,130.7

Industrial Specifications

Clear Height

16 ft

Drive-In Doors

8' W × 16' H

Property Description

Rare opportunity to acquire an industrial condominium unit together with an established laboratory business, laboratory equipment, and a range of specialized regulatory licenses and permits. The business operation includes laboratory equipment and regulatory approvals associated with pharmaceutical, cosmetic, natural health product, controlled substance, cannabis analytical testing, cannabis research, and related laboratory services. Regulatory licenses/permits include: Health Canada DEL (Drug Establishment License) covering pharmaceutical, cosmetic and Natural Health Products; CDS License (Controlled Drug Substance License) with an approved list of substances; Cannabis Analytical Testing License; and Cannabis Research License. The operation also includes an Alcohol Users License for the use of alcohol as a solvent. The purchaser must satisfy all applicable regulatory requirements and must be capable of transferring or obtaining the required licenses and permits under the purchaser's own name or through a qualified individual, including a person meeting the required Chemist/qualified personnel requirements, as applicable. Sale is subject to the purchaser's satisfactory due diligence, confirmation of eligibility, and approval/transfer of all applicable licenses and permits by the relevant regulatory authorities. Purchaser and purchaser's advisors are responsible for independently verifying all licenses, permits, regulatory requirements, equipment, business operations, and permitted uses prior to completing the transaction. Business, laboratory equipment, licenses and permits are being offered together with the industrial condominium unit, subject to mutually agreed terms and applicable regulatory approvals.

Price & Status History

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Location

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50 Weybright Court, Toronto E07 M1S 5A8

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Listing Courtesy of: RE/MAX ACE REALTY INC.

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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