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$10,950,000
Available - For Sale
Listing ID: E13576072
448-454 Markham Rd, Scarborough, is a fully-approved townhouse development site on 1.84 acres of land, located near the major intersection of Markham Rd and Lawrence Ave E. City of Toronto zoning by-law approvals permit the development of 47 townhouses with 96,789 sf of gross floor area and 88,360 sf of saleable area. The site is approaching shovel-ready status, and Site Plan Notice of Approval Conditions are expected in the summer of 2026. The site provides builders and developers an exceptional opportunity to capitalize on the recently announced HST rebate on new home sales (expires March 31,2027) and reductions to City of Toronto development charges. The site's large size and Avenues designation also provide the potential to up-zone for additional density or explore alternative development concepts. Close proximity to Cedarbrae Mall, Cedar Heights Plaza, Eglinton GO Station, Highway 401, and Lake Ontario.
Price $10,950,000
Taxes: $41,824
Tax Type: Annual
Occupancy by: Vacant
Address: 448-454 Markham Road , Toronto, M1J 3E3, Toronto
Postal Code: M1J 3E3
Province/State: Toronto
Legal Description: BLOCKS A AND B , PLAN M-1036 AND PART LO
Directions/Cross Streets: Markham Rd / Lawrence Ave E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Designated
Use: Residential
Total Area: 80,275
Total Area Code:  Square Feet
Maintenance: 0
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

448-454 Markham Road , Toronto, M1J 3E3, Toronto

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Land
Area: Toronto
Municipality: Toronto E09
Neighbourhood: Woburn
Style:
Lot Size: x 223.00(Feet)
Approximate Age:
Tax: $41,824
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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