48 D'arcy Rear Street, Toronto, ON M5T 1J7
Kensington-Chinatown · C01 · M5T 1J7
$1,049,999
$1,500 / sq ft21 months on market
- Interior
- 700 sf
- Lot
- 56.26 × 63.12 ft
About this property
Attention builders and investors this vacant land presents a prime development opportunity in the heart of downtown Toronto. Strategically located on a quiet laneway, it offers exceptional proximity to the University of Toronto, the Ontario College of Art and Design, Queens Park, major hospitals, and the TTC. This desirable location, combined with strong rental demand, makes it ideal for the construction of a rental building. This is an exceptional opportunity to acquire a development site in one of Toronto's most sought-after neighborhoods.
Features
- None
Property details
Property
- Property type
- vacant land
- Interior size
- 700 sq ft
- Lot size
- 56.26 × 63.12 ft
- Possession
- Vacant
Interior
- Exposure
- North
Costs
- List price
- $1,049,999
- Property taxes
- $9,592 / year (2024)
- Price per sq ft
- $1,500
Listing
- MLS® number
- C11938527
- Status
- For sale
- Listed
- January 24, 2025
- Days on market
- 650
- Last updated
- August 3, 2026
- Listing brokerage
- RIGHT AT HOME REALTY
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 43% of comparable vacant land listings in Toronto are asking less.
- This home
- $1,500 / sq ft
- Comparable median
- $251 / sq ft
Based on 96 comparable active vacant land listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $5,363.29
- Property tax (est.)
- $799.34
- Estimated monthly
- $6,163
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $17,475
- Toronto municipal
- $17,475
- Total due on closing
- $34,950
An estimate on the asking price of $1,049,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RIGHT AT HOME REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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