Obico Yard was a small (74 acres (30 hectares)) intermodal terminal operated Canadian Pacific Railway located on Kipling Avenue in Toronto, Ontario, Canada. The yard was closed in 2012 and operations were consolidated at the Vaughan Intermodal Terminal. Vanessa Lu, reporting in the Toronto Star wrote that the closure decision followed a "bitter proxy fight" that shook up the company's board of directors.
In January 2015 CPR announced that it would be liquidating 30 redundant yards, making them available for redevelopment.
Commentators, such as Steve Munro, a well-known commentator on transit issues in Toronto, speculated on the opportunities the availability for re-use the sale would represent. Munro pointed out that the yard was near Kipling Station, the western terminus of the Toronto Transit Commission's Bloor-Danforth Line, an ideal location to serve as a needed subway yard to help accommodate the TTC's expanding subway lines. Munro asserted it would be a "major failure" if the property were turned into yet another subdivision.