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Dymon Storage Expands in Toronto With Upscale Self-Storage, Wine-Storage Facility

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Canadian self-storage operator Dymon Storage Corp. is in the process of fulfilling its Greater Toronto expansion plan, with six facilities expected to be complete by the end of 2018. The first will be a massive structure comprising up to 500,000 square feet. The property at 1460 The Queensway in Etobicoke, Ontario, is expected to offer 3,000 storage units, wine storage, office and third-party retail space, delivery service, mailbox rentals, and security vaults, according to the source.

In conjunction with its wine-storage offering, Dymon will also host wine tastings and employ a sommelier. Additional services include document shredding, moving assistance, records storage, and the sale of moving and packing supplies. “We have created the Ritz-Carlton of self-storage, but at an economic price,” Stephen Creighton, senior vice-president, told the source.

The company indicated last April that it had entered an agreement to acquire the Etobicoke site. The property is across the street from an IKEA store and adjacent to the Gardiner Expressway. “We put our Dymon facilities in high-traffic and highly visible modes, usually adjacent to big-box retail,” Creighton said.

Dymon is also expected to use the Etobicoke property to house its Toronto corporate offices, according to a company press release.

Dymon first announced its expansion plan in July 2015, in which it intended to develop about 80 self-storage facilities in the Toronto market by the end of 2025. Officials expect the company’s storage portfolio to amass more than 10 million square feet once the expansion is complete, the release stated.

Founded in 2006, Dymon Storage operates eight self-storage facilities in Ottawa, Ontario. It’s an affiliate of the Dymon Group of Cos.

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