6244 Kingston Rd 0.6 Acres of Commercial Land Offered at $2,200,000 CAD in Toronto, ON M1C 1K9

This 0.6-acre development site (113 × 250 ft) on Kingston Road is positioned within a newly emerging subdivision and near a University of Toronto campus, offering strong long-term rental and appreciation fundamentals. The project completed its PAC meeting with the City of Toronto on November 18, 2025, and the design advanced under the new EHON framework, eliminating the need for Site Plan Approval. The building permit is expected within one year. Our team manages the entire process end-to-end, including permit completion, securing the construction loan through a CMHC provider, and finalizing long-term CMHC mortgage financing. The asking price is $2.2 million, inclusive of the permit, with no carrying costs required until permit issuance. Full pro forma and supporting documents are attached. We Sell W ZAP in your hand to create 20 Rental unit . Zoning certificate included in the price. Get the permit and have 90% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with less than the market rate and be owner with $ 0 on the property. Great investment property. The Pac meeting with city on Nov18 has been done. There will be no Development charge for this plan,