Brampton Industrial Condo Project Offers Small-Bay Ownership
Storytime and Fiera Real Estate are preparing to launch sales at Ace, a roughly 100K-SF industrial condominium development in Brampton. The six-acre project on Ace Drive is expected to include about 40 small-bay units, mostly between 2K and 3K SF, aimed at business owners who want to own rather than lease. The developers have not disclosed the purchase price for the site, which was previously marketed at about $17.5M.
Ace is a roughly 100,000-square-foot industrial condominium planned for six acres on Ace Drive in Brampton, south of the Mayfield Auto Mall. Storytime and Fiera Real Estate are developing it through Fiera’s Canadian Built Opportunities Fund. About 40 small-bay units, mostly 2,000–3,000 square feet, are expected, with flexible zoning for industrial, automotive and related uses.
The site was previously marketed at $2.925 million per acre, or about $17.5 million total; the purchase price remains undisclosed. Sales have not started while condo documents and purchase agreements are finalized. Nearby BMW, Mercedes-Benz, Honda and Volkswagen dealerships are part of the surrounding node. Colliers recorded 3.5 million square feet of second-quarter absorption as GTA industrial vacancy fell to 2.2%.
Ace may give smaller business owners a path to own rather than lease, potentially stabilizing occupancy costs and building equity for firms that cannot buy whole buildings. It could also intensify industrial activity near existing auto dealerships, affecting nearby traffic, employment and local tax base. If the model succeeds, similar small-bay projects may follow, though outcomes depend on pricing, financing and broader industrial demand.