1 ft²1.10 acres lotListed 90 days ago

Overview

This lot in Toronto is for sale offering roughly 1 sq ft of space.

Land for Sale in Toronto →All real estate in Toronto →

Description

*Full address: 4240, 4244, 4246 Lawrence Avenue E & 1 Collinsgrove Road Toronto, ON M1E 2S6 & M1E 3S3. *See Schedule for full list of Legal Descriptions. Properties are being sold together. Property Tax is as follows: 4244 Lawrence Ave E - $3,231.43 | 4246 Lawrence Ave E - $3,331.37 | 1 Collinsgrove Road - $3,364.68. Toronto is enabling six-storey housing on major residential streets through Official Plan Amendment 727 and a corresponding Zoning By-law Amendment (By-law 608-2024), which were adopted in June 2024, though some aspects remain under appeal at the Ontario Land Tribunal. This policy change permits small-scale apartment buildings and townhouses up to six storeys along major streets in Neighbourhoods areas, aiming to increase housing supply by creating more mid-rise developments near existing transit and services. (id:66096)

Property Details

MLS®: E13642934
Property Type: Vacant Land
Business Type: Residential
Zoning: rd (F15.0;A696) (x1300)
Interior Size: 1 ft²
Lot Size: 1.10 acres
Price per Acre: $7,181,818 per acre
Property Tax: $13,000/yr
Listed: 90 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

90d

Toronto (West Hill) listings, avg age

60d

Price / ft²

$7,900,000

List price

$7.90M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Toronto (West Hill) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by HOMELIFE NEW WORLD REALTY INC. · ELVIS LI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1E)

This home lists at $7,900,000, about 96.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $1,543,147 (20% down, 25-yr amortization, stress-tested) — roughly 1782% above the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$7,900,000· $7,900,000/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

4240* Lawrence Avenue, Toronto (West Hill) - Vacant Land for Sale