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362 Lawrence Av W 0.11 Acres of Commercial Land Offered at $1,893,639 USD in Toronto, ON M5M 1B7
INVESTMENT HIGHLIGHTS
- Approved Purpose-Built Rental Development: Zoning approval in place for a 6-storey, 10-unit building, no variances or appeals required.
- Efficient, Upscale Suite Mix: Large-format 2- and 3-bedroom units ideal for families and professionals.
- Attractive Development Economics: Estimated margin supported by premium rents and low costs.
- MLI Select Financing Eligible: Access 85%+ leverage and long amortization through CMHC.
- Prime Ledbury Park Location: High-income area near Avenue & Lawrence with strong transit and retail access.
- Strong builder margins supported by premium rents and lower-cost build.
EXECUTIVE SUMMARY
Colliers (the “Advisor”) has been retained by the Vendor as exclusive agent for the sale of the property municipally known as 362 Lawrence Avenue West, Toronto, ON (the “Property”).
362 Lawrence Avenue West represents an opportunity to acquire a ready-to-go missing middle redevelopment project in the heart of Ledbury Park fronting on Lawrence Avenue West. The project is compatible with CMHC’s MLI Select program, offering low-cost financing over 40–50 years, making this an extremely attractive opportunity from a capital efficiency standpoint. The approved plan is for a 6-storey, purpose-built rental building with 10 residential units, comprising of a mix of two and three bedroom suites. The design contemplates approximately 11,500 SF of GFA. Importantly, the Property is one of the few developments in the city that has been approved to build as-of-right, according to the Major Street Study. Accordingly, the Property benefits from approvals in-place and the ability to begin construction immediately.
The Property is currently occupied by a detached single-family home and is located between Lawrence Station and Lawrence West Station, with nearby bus stops offering access to both. It also benefits from close proximity to major amenities, including Yorkdale Shopping Centre, the Lawrence Allen Centre, and a variety of retail stores, services, and dining options along Lawrence Avenue.
362 Lawrence Avenue West represents an opportunity to acquire a ready-to-go missing middle redevelopment project in the heart of Ledbury Park fronting on Lawrence Avenue West. The project is compatible with CMHC’s MLI Select program, offering low-cost financing over 40–50 years, making this an extremely attractive opportunity from a capital efficiency standpoint. The approved plan is for a 6-storey, purpose-built rental building with 10 residential units, comprising of a mix of two and three bedroom suites. The design contemplates approximately 11,500 SF of GFA. Importantly, the Property is one of the few developments in the city that has been approved to build as-of-right, according to the Major Street Study. Accordingly, the Property benefits from approvals in-place and the ability to begin construction immediately.
The Property is currently occupied by a detached single-family home and is located between Lawrence Station and Lawrence West Station, with nearby bus stops offering access to both. It also benefits from close proximity to major amenities, including Yorkdale Shopping Centre, the Lawrence Allen Centre, and a variety of retail stores, services, and dining options along Lawrence Avenue.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,893,639 USD | Lot Size | 0.11 AC |
| Price Per AC | $17,214,895.48 USD |
| Price | $1,893,639 USD |
| Price Per AC | $17,214,895.48 USD |
| Lot Size | 0.11 AC |
0.11 acre lot on Lawrence Ave W, currently the site of a single family home with an approved plan for development.
Walk Score®
Very Walkable (81)
1 of 4
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362 Lawrence Av W
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