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For saleMLS® E12039488

420 Toronto Street, Clarington, ON L1B 1C2

Newcastle · L1B 1C2

$3,800,000

$13 / sq ft

19 months on market

Interior
296,208 sf
Lot
889 × 373 ft

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About this property

6.8-acres of vacant M1-Industrial land with 880 feet frontage/exposure to Highway 401. Seller initiated "severance" in progress to create two (2) M1-Industrial zoned lots (approx. 3.4 acres each). Located immediately west of Hwy 401 Interchange #440 at Mill Street/Newcastle. Legal Description: PT LT 30 CON 1 CLARKE PTS 2, 3 & 4, 10R2937; CLARINGTON. PIN 266610056. Examples of permitted uses within M1-Industrial zoned lands: building supply or home improvement outlet; business or professional office; eating establishment; equipment sales & rental light; a factory outlet; commercial or technical school; a warehouse for the storage of goods & materials; motor vehicle repair garage; a transport service establishment. See attached Schedule for complete list of M1-Industrial permitted uses.

Property details

Property

Property type
vacant land
Interior size
296,208 sq ft
Lot size
889 × 373 ft
Zoning
M1-Light Industrial
Possession
30 days TBA

Costs

List price
$3,800,000
Property taxes
$10,873 / year (2024)
Price per sq ft
$13

Listing

MLS® number
E12039488
Status
For sale
Listed
March 25, 2025
Days on market
590
Last updated
May 16, 2026
Listing brokerage
ROYAL SERVICE REAL ESTATE INC.

Price & sale history

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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 Clarington are asking less.

$1Median $749K$8.15M
This home
$13 / sq ft
Comparable median
$6 / sq ft

Based on 57 comparable active vacant land listings in Clarington. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $760,000
$760,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$16,808.68
Property tax (est.)
$906.08
Estimated monthly
$17,715

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
$81,475
Total due on closing
$81,475

An estimate on the asking price of $3,800,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL SERVICE REAL ESTATE INC.. 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.

$3,800,000

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