$10,950,000
448-454 Markham Rd
Toronto E09, ON M1J 3E3
448-454 Markham Rd, Toronto E09 — Listed at $10,950,000 Land. MLS® E13576072.
Possession · seller's timeline
Immediate
Description
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 Details
Business Details
Property Insights
Listing Courtesy of: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
MLS® #E13576072
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About Toronto Real Estate
This Land is located in the Woburn community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.