For Sale - 4240* Lawrence Avenue, Toronto, Ontario

Est payment $37,935/mo
Views   2
Time on Jump  243 day
  • Properties are being sold as a package for development potential.
  • Location supports new six-storey housing options along major streets.
  • Policy changes aim to boost housing supply in the area.
  • Close to existing transit and local services for convenience.
  • Multiple properties offer flexible development opportunities for investors.



*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 IDE12371520
Address4240* Lawrence Avenue
CityToronto, Ontario
Price$7,900,000
StyleLand
TypeVacant Land
StatusFor Sale
Subtype LandCommunity Features Public Transit, Recreation/Community CentreSewer Sanitary+Storm
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Listing Agency:  HOMELIFE NEW WORLD REALTY INC.

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4240* Lawrence Avenue
Toronto , Ontario
$7,900,000
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