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27-29 Parkcrest Dr 2.06 Acres of Residential Land in Toronto, ON M1M 3S5

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Investment Highlights

Approved for 4-storey, 222-unit apartment development with zoning and site plan in place.
Close to Eglinton GO Station, Kennedy Subway Station, and major highways for regional connectivity.

Located in Scarborough Village, offering walkable retail, transit access, and natural amenities.
Strong growth forecast for Toronto underscores long-term demand for housing intensification.

Executive Summary

The property presents an opportunity for partnership or outright sale of an approved residential development site in Scarborough Village, Toronto. It is fully zoned and approved for a 4-storey, 222-unit apartment-style development with a total gross floor area of 157,099 sq. ft. The design includes five blocks of stacked and back-to-back townhouses, complemented by 100 parking spaces in a one-level underground garage. Unit sizes range from 444 sq. ft. to 984 sq. ft., with a mix of one-, two-, and three-bedroom layouts.
The site benefits from proximity to Kingston Road, Eglinton GO Station (2.4 km), Kennedy Subway Station (5 km), and major highways, ensuring strong connectivity. The surrounding area offers abundant retail, fitness, and recreational amenities, including Scarborough Bluffs, Sylvan Park, and the Scarborough Village Recreation Centre. The Greater Toronto Area is forecasted to grow by 41.3% by 2046, highlighting demand for housing intensification.

Brochure_-_27-29_Parkcrest_Dr

Property Facts

Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Proposed Use	Multifamily Apartment Units
Property Type	Land	Total Lot Size	2.06 AC
Zoning	RM (X440) - Residential Multiple / Site Specific Zoning By-law 851-2024

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units
Total Lot Size	2.06 AC
Zoning	RM (X440) - Residential Multiple / Site Specific Zoning By-law 851-2024

1 Lot Available

Lot

Lot Size	2.06 AC

Lot Size	2.06 AC

Description

The site is located in Scarborough Village, Toronto, within a mature residential community. It is zoned RM (X440) and approved for a 4-storey residential development comprising 222 units. The gross site area is 89,577 sq. ft., and the approved design includes underground parking and townhouse-style blocks. The property is near Kingston Road and Eglinton Avenue East, providing access to local transit, retail, and recreational amenities.

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