240-242 Finch Avenue W, Toronto, ON M2R 1M7
Newtonbrook West · C07 · M2R 1M7
$3,900,000
$148 / sq ft2 days on market
- Interior
- 26,339 sf
- Lot
- 130 × 110.43 ft
About this property
An exceptional residential development opportunity in North York, located at 240-242 Finch Avenue West. The Property features approved plans for a four-storey, purpose-built rental building comprising 41 residential units and approximately 26,339 SF of gross floor area. With a boutique development scale, the Property offers an attractive opportunity for residential developers seeking a manageable investment with potential for future value creation. Developers may also explore opportunities to increase density and gross floor area, subject to municipal approvals. Offered through a court-appointed receivership, this opportunity is well suited to developers seeking to expand their residential portfolio in Toronto.
Property details
Property
- Property type
- vacant land
- Interior size
- 26,339 sq ft
- Lot size
- 130 × 110.43 ft
- Zoning
- RM4(124)
- Possession
- Immediate
Exterior & services
- Sewer
- Sanitary+Storm
Costs
- List price
- $3,900,000
- Property taxes
- $13,673 / year (2026)
- Price per sq ft
- $148
Listing
- MLS® number
- C14141080
- Status
- For sale
- Listed
- November 2, 2026
- Days on market
- 2
- Last updated
- November 4, 2026
- Listing brokerage
- COLLIERS
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 above most comparable listings — about 82% of comparable vacant land listings in Toronto are asking less.
- This home
- $148 / sq ft
- Comparable median
- $263 / sq ft
Based on 95 comparable active vacant land listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $17,251.02
- Property tax (est.)
- $1,139.46
- Estimated monthly
- $18,390
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
- $83,975
- Toronto municipal
- $92,975
- Total due on closing
- $176,950
An estimate on the asking price of $3,900,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of COLLIERS. 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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