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For saleMLS® E13589838

4245 Sheppard Avenue, Toronto, ON M1S 1T7

Agincourt South-Malvern West · E07 · M1S 1T7

$6,300,000

$151 / sq ft

3 months on market

Bathrooms
7
Interior
41,687 sf
Lot
155 × 309 ft
Age
51-99 years

What's special

  • Outside/surface garage
  • Yes

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About this property

MULTI-UNIT USER/INVESTOR OPPORTUNITY WITH SIGNIFICANT REDEVELOPMENT UPSIDE. Strategically located on a 0.957-acre site along the rapidly intensifying Sheppard Avenue corridor, less than 800 metres from Agincourt GO Station and within the Sheppard Subway Extension corridor. Improved with an approximately 5,200 SF multi-unit commercial building plus a 5,200 SF basement level, the property offers flexible occupancy for owner-users, income-generating potential through multiple commercial units, ample surface parking and 600 Amp electrical service. For investors, the asset combines current cash-flow potential with long-term appreciation driven by major transit investment and neighbourhood intensification. For developers, the property is designated Mixed Use Areas and benefits from an Avenues Overlay, providing a compelling framework for future mixed-use redevelopment. Surrounded by existing and proposed high-density projects, the site is exceptionally well-positioned within one of Scarborough's key growth corridors. A rare opportunity to acquire a functional income-producing asset today with substantial future redevelopment potential.

Property details

Property

Property type
vacant land
Bathrooms
7
Interior size
41,687 sq ft
Year built
51-99
Lot size
155 × 309 ft
Zoning
CR 0.4 (c0.4; r0.0) SS3 (x323)
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$6,300,000
Property taxes
$31,716 / year (2025)
Price per sq ft
$151

Listing

MLS® number
E13589838
Status
For sale
Listed
July 21, 2026
Days on market
106
Last updated
September 23, 2026
Listing brokerage
CBRE LIMITED

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 89% of comparable vacant land listings in Toronto are asking less.

$1Median $1.30M$6.52M
This home
$151 / 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

Down payment20.0% · minimum $1,260,000
$1,260,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$27,867.02
Property tax (est.)
$2,642.96
Estimated monthly
$30,510

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
$143,975
Toronto municipal
$212,975
Total due on closing
$356,950

An estimate on the asking price of $6,300,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CBRE LIMITED. 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.

$6,300,000

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Comparable sales nearby

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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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