4240* LAWRENCE AVENUE, Toronto (West Hill)4240* LAWRENCE AVENUE, Toronto (West Hill) — photo 24240* LAWRENCE AVENUE, Toronto (West Hill) — photo 34240* LAWRENCE AVENUE, Toronto (West Hill) — photo 44240* LAWRENCE AVENUE, Toronto (West Hill) — photo 54240* LAWRENCE AVENUE, Toronto (West Hill) — photo 6
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Business For Sale · Land

4240* LAWRENCE AVENUE, Toronto (West Hill)

4240* LAWRENCE AVENUE, Toronto (West Hill), ON M1E2S6

$7.9M total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

Lot Size

1.1 ac

About this property

*Full address: 4240, 4244, 4246 Lawrence Avenue E & 1 Collinsgrove Road Toronto, ON M1E 2S6 & M1E 3S3. *See Schedule for full list of Legal Descriptions. Properties are being sold together. Property Tax is as follows: 4244 Lawrence Ave E - $3,231.43 | 4246 Lawrence Ave E - $3,331.37 | 1 Collinsgrove Road - $3,364.68. Toronto is enabling six-storey housing on major residential streets through Official Plan Amendment 727 and a corresponding Zoning By-law Amendment (By-law 608-2024), which were adopted in June 2024, though some aspects remain under appeal at the Ontario Land Tribunal. This policy change permits small-scale apartment buildings and townhouses up to six storeys along major streets in Neighbourhoods areas, aiming to increase housing supply by creating more mid-rise developments near existing transit and services. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$7.90M
Down payment30% · $2.37M
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$36K

Projected NOI

$402K

Annual cash flow

$-35K

Cash-on-cash

-1.49%

DSCR

0.92

Going-in cap

5.09%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

60,387

Households

21,159

Median income

$87,500

Median age

32

Daytime population

94,658

5-yr growth

8.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 4240* LAWRENCE AVENUE, Toronto (West Hill).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.