Firefighters battled a two-alarm industrial blaze in the Junction neighbourhood of Toronto early New Year’s Day.

The fire broke out at a roofing and storage facility near Keele Street and St. Clair Avenue at around 7:30 a.m. ET.

The single-storey building, located about 70 metres from nearby railway tracks, was completely gutted by the time firefighters got the fire under control shortly after 8 a.m.

A storage trailer on the east side of the building was also destroyed and another on the west side was partially damaged.

Salt trucks had to be called to the scene because of the amount of water used in sub-zero temperatures.

The estimated cost of the damages is around $75,000.

No injuries were reported and the cause of the fire is still undetermined.