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930 Albion Rd 0.4 Acres of Commercial Land Offered at $5,600,000 CAD in Toronto, ON M9V 1A7
Investment Highlights
- The property is designated for residential and commercial uses and has been zoned for mid-rise rental development.
- The property benefits from strong transit access and arterial road connectivity, enhancing its suitability for higher-density residential development.
- The site is located across from established commercial amenities, including national retailers and service-oriented uses, supporting future mixed-use
Executive Summary
This property is zoned for mid-rise residential development and is currently vacant land, offering a prime opportunity for a rental apartment project. It is ideally located across from Shoppers Drug Mart, Grow Fitness, and Mr. Lube, providing excellent exposure and convenience. An application has already been submitted for a 7-storey, 65-unit apartment building totaling 56,000 square feet, which includes a number of affordable housing units. These affordable units are exempt from property taxes and development charges. There is also potential to assemble the site with an adjacent parcel listed at $2.9 million, further enhancing the development scope. A government grant of $1.2 million has already been approved and can be applied toward construction costs. Additionally, the project may qualify for up to 95% financing through the CMHC MLI Select program, which offers some of the most favorable terms available, including 45–50 year amortization and the lowest interest rates on the market.
Property Facts
1 Lot Available
Lot
| Price | $5,600,000 CAD | Lot Size | 0.40 AC |
| Price Per AC | $13,939,190.28 CAD |
| Price | $5,600,000 CAD |
| Price Per AC | $13,939,190.28 CAD |
| Lot Size | 0.40 AC |
Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc
Description
930 Albion Road is a prominently located vacant land development site situated in Toronto’s Thistletown–Beaumonde Heights area, along the Albion Road corridor. The property comprises approximately 55,600 square feet (±1.28 acres) and is designated for residential and commercial uses, offering strong redevelopment potential in an established urban node.
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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930 Albion Rd
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