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Commercial listings / Land / For sale

4240* Lawrence Avenue, Toronto, ON M1E 2S6

$7,900,000

4240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 14240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 24240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 34240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 44240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 54240* Lawrence Avenue, Toronto, ON M1E 2S6, photo 6
Property type
Land
Transaction
For sale
Location
Toronto E10, Toronto
Building area
1 Acres
MLS® number
E13642934

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.

Listing brokerage: HOMELIFE NEW WORLD REALTY INC.

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