Sonoma Heights · L4H 1V6
$1
$0 / sq ft8 months on market
Receivership sale - incredible opportunity to own 0.97 acres of approved residential development land in Vaughan, fronting on Islington Avenue. The approved development is for a 5-storey residential apartment building with a GFA of 73,319 SF. Zoning by-law amendments and site plan has been approved (subject to conditions). The project launched its 89 units in March 2023 and according to Urbanation, sold at an average price of $1,358 PSF. The property is situated in a residential node of Vaughan, steps to amenities like the Islington Village Centre and Food Basics.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 0% of comparable vacant land listings in Vaughan are asking less.
Based on 23 comparable active vacant land listings in Vaughan. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1. 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.