355 Garyray Drive, Toronto
Michael Law represented both buyer and seller in a full-cycle transaction — selling the property in 2024 then brokering its resale in 2026 after a strategic severance unlocked significant value.
$14.68M
Deal Value
40,455 SF
Square Footage
The Asset
- Address: 355 Garyray Drive, Toronto
- Size: 40,455 sq. ft. industrial facility
- Land: Toronto industrial site
- Price: $14,680,000
A two-stage transaction spanning 2024–2026: Michael sold the property to the buyer, who severed it from an adjoining building, then resold for a meaningful lift — with Michael representing both sides of the final transaction.
Dual Representation
- Stage 1 (2024):Sold property to buyer
- Severance:Buyer severed from adjoining building
- Stage 2 (2026):Resold for a lift — both sides represented
The Challenge
The property was originally part of a larger assembly. Realizing its full value required separating it from the adjoining building through a severance process and then positioning the standalone asset for resale in a market that would recognize the premium of an independent title.
The Solution
Michael orchestrated the full transaction lifecycle: selling the property to the buyer in 2024, guiding the severance strategy, and then representing both buyer and seller in the 2026 resale at $14,680,000 — delivering a profitable exit for the seller and a well-priced acquisition for the incoming buyer.
Results at a Glance
Address
355 Garyray Drive, Toronto
Building
40,455 sq. ft.
Sale Price
$14,680,000
Price per SF
~$363/SF
Cycle
2024 acquisition → 2026 resale
Representation
Michael Law (both sides)
"Sold it. Severed it. Sold it again — for a lift. Both sides, both times."
Work with Michael Law
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