M1E Commercial Land Properties for Sale

Commercial Real Estate in M1E available for sale

M1E Commercial Land for Sale

290 Morningside Ave

Toronto, ON M1E 3E9

Land for Sale
$2,400,000 CAD
0.73 AC Lot

Toronto Land for Sale - Scarborough

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.

Contact:

Colliers

Property Subtype:

Commercial

Date on Market:

2026-05-13

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Commercial Land Properties for Sale Within 5 kilometers of M1E

6244 Kingston Rd

Toronto, ON M1C 1K9

Land for Sale
$2,200,000 CAD
0.60 AC Lot

Toronto Land for Sale - Scarborough

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,