448-454 Markham Road
Woburn / Toronto E09, ON M1J 3E3
About This Property
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
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® E13576072
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$53,470
/month · $8,760,000 mortgage
Amortization
Total Interest
$7,281,088
Total Cost
$16,041,088
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP