48 D'arcy Rear Street, Toronto (Kensington-Chinatown), Ontario, M5T1J7



$1,049,999
Toronto
This lot in Toronto is for sale.
Attention builders and investors this vacant land presents a prime development opportunity in the heart of downtown Toronto. Strategically located on a quiet laneway, it offers exceptional proximity to the University of Toronto, the Ontario College of Art and Design, Queens Park, major hospitals, and the TTC. This desirable location, combined with strong rental demand, makes it ideal for the construction of a rental building. This is an exceptional opportunity to acquire a development site in one of Toronto's most sought-after neighborhoods. (id:66096)
Long Listed: 649 days on market, against an average age of 81 days across the listings currently for sale in this city
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.
This vacant land in Toronto (Kensington-Chinatown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,049,999, about 17.0× the local median household income of $61,600.
Carrying it typically needs a household income of about $205,102 (20% down, 25-yr amortization, stress-tested) — roughly 233% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5T)
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