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290 Morningside Ave 0.73 Acres of Commercial Land Offered at $2,400,000 CAD in Toronto, ON M1E 3E9
Investment Highlights
- Massing Concept for an 8 Storey Mid Rise with 82,044 SF of GFA
- Within 1.5km of Scarborough GO
- Favourable Rental Pricing
- Amenities within Walking Distance
Executive Summary
The site is situated at 290 Morningside Avenue, at the intersection of Morningside Avenue, Kingston Road, and Lawrence Avenue East within a well-established and evolving Scarborough corridor. The Site comprises approximately 31,861 SF (0.73 acres) and is surrounded by a mix of medium-density apartment buildings and condominium developments, alongside institutional uses and growing commercial amenities reflective of ongoing intensification in the area. The Property benefits from immediate access to major retail nodes including Kingston Square, Kingston Square West, and Morningside Crossing, collectively offering over 300,000 SF of retail within walking distance, as well as strong connectivity to arterial roadways and public transit. Guildwood GO Station is located approximately 2.1 km away, providing efficient access to downtown Toronto via the Lakeshore East line within a short commute. From a development perspective, the Site presents a compelling residential intensification opportunity, supported by a massing study prepared by Memar Architects envisioning an 8-storey residential rental building comprising approximately 82,044 square feet of Gross Floor Area (GFA), demonstrating achievable density and positioning the Property for long-term value creation.
Property Facts
1 Lot Available
Lot
| Price | $2,400,000 CAD | Lot Size | 0.73 AC |
| Price Per AC | $3,287,671.23 CAD |
| Price | $2,400,000 CAD |
| Price Per AC | $3,287,671.23 CAD |
| Lot Size | 0.73 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
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290 Morningside Ave
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