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

3307-3313 Ellesmere Rd

Toronto, ON M1C 1H1

Land for Sale
Price Upon Request
0.85 AC Lot

Toronto Land for Sale - Scarborough

Located across from the University of Toronto Scarborough (UTSC), this offering presents a rare opportunity for developers and investors to participate in the growing purpose-built student housing sector in Toronto. The 0.85-acre site fronts Ellesmere Road and benefits from unmatched proximity to the UTSC campus, which serves over 15,100 students. The surrounding area includes Centennial College’s Morningside Campus, the Toronto Pan Am Sports Centre, and convenient connections to Highway 401, GO Transit, and TTC services, ensuring strong long-term demand drivers. Significant planning progress has already been made. The vendor has submitted Official Plan and Zoning By-law Amendment applications for a proposed mid-rise, 11-storey mixed-use building totaling 194,285 SF of gross floor area. The proposed concept includes 180 residential units, 625 beds, grade-level commercial space, and below-grade parking. The property falls within an established education and employment corridor with proximity to retail, parks, and recreation facilities, creating a robust environment for investment. With rising enrollment and sustained housing shortages near Toronto’s institutions, this opportunity aligns with key growth trends and offers a compelling proposition for developers or joint-venture partners.