REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 15,499,000
Est. payment | /mo
$ 15,499,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Municipality Toronto E07
Subdivision Agincourt South-Malvern West
MLS Listing ID E13084274
Annual Tax Amount $77,490
Tax Year 2026
Property Sub-Type Land
Property Description
4151-4155 Sheppard Avenue East & 5 Lamont Avenue represents a rare opportunity to acquire a fully zoned, transit-oriented high-rise development site in the heart of Scarborough, directly across from Agincourt GO Station. The property benefits from an OLT-approved settlement permitting a 39-storey residential tower with approximately 409,000 SF of GFA. An alternative development concept has also been prepared,outlining a reduced-scale program of approximately 297,000 SF of GFA over 25-storeys. The site sits on 0.93 acres of land with interim holding income from a diverse mix of tenancies. This opportunity allows investors to pursue either the fully approved density or a right-sized alternative program, delivering optionality in a constrained development market. Supported by strong rental fundamentals, limited new supply, and continued intensification along the Sheppard corridor, this offering presents a compelling opportunity to capitalize on both near-term execution and long-term growth within one of Toronto's most dynamic emerging nodes.
Location
Province ON
County Toronto
Community Toronto E07
Area Toronto
Zoning CR0.58(c0.58;r0)*326)
Exterior
Utilities Available Yes
Lot Frontage 179.0
Lot Depth 269.0
Others
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY
Nearby Locations
GET MORE INFORMATION
Follow Us
