448-454 Markham Road
Toronto E09, ON
- 80,275 sqft
- Land
- 52 days on market
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.
Listing Details
- Taxes (2026)
- $41,824
- Listed
- July 17, 2026
Price History
Property
- Lot Size
- 365 x 223 Feet
Utilities
- Sewer
- Sanitary+Storm Available
Location & Legal
- Cross Street
- Markham Rd / Lawrence Ave E
- Zoning
- Residential Townhouse - RT (u42) (x361)
- Parcel Number
- 063710271
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Residential
Community
Postal area M1J
- Population
- 37,002
- Private dwellings
- 13,253
- Median age
- 37.6
- Average household size
- 2.9
- Median household income
- $76,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E09 · last 12 months
- Median sold price
- $744,000
- Homes sold
- 626
- Median days on market
- 21
- Sale-to-list price
- 98.4%
Based on 626 recorded sales of commercial properties in Toronto E09 over the last 12 months.
Listed by
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 80,275 sq ft
- Price per sq ft
- $136.41
- Annual property tax
- $41,824
- Tax per sq ft
- $0.52
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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