Land · For sale

4240* Lawrence Avenue, Toronto

$7,900,000

Listing brokerage: HOMELIFE NEW WORLD REALTY INC. · MLS® E13642934

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

HOMELIFE NEW WORLD REALTY INC.

Type

Land

Deal

For sale

Category

Land · Commercial and industrial land

Size

1.1 sq ft

Lot

0 x 0 ft

Area

West Hill

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.