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448-454 Markham Rd 1.84 Acres of Residential Land Offered at $7,782,516 USD in Toronto, ON M1J 3E3
Investment Highlights
- Fully approved townhouse development site with zoning approvals in place for a 47-unit residential project, providing a clear path toward development.
- Position benefits from proximity to Scarboro Golf and Country Club and is located within a mature neighborhood that continues to attract residential d
- Located along Markham Road near the intersection of Lawrence Avenue East, offering direct access to a major Scarborough transportation corridor.
Executive Summary
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.
Property Facts
| Price | $7,782,516 USD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 1.84 AC |
| Property Type | Land | ||
| Zoning | RT (u42) (x361) - Residential Townhouse | ||
| Price | $7,782,516 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 1.84 AC |
| Zoning | RT (u42) (x361) - Residential Townhouse |
1 Lot Available
Lot
| Price | $7,782,516 USD | Lot Size | 1.84 AC |
| Price Per AC | $4,223,064.31 USD |
| Price | $7,782,516 USD |
| Price Per AC | $4,223,064.31 USD |
| Lot Size | 1.84 AC |
Fully-approved townhouse development site on 1.84 acres of land; 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.
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Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
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448-454 Markham Rd
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