Welcome to this remarkable land located in the coveted neighborhood of Birchcliffe-Cliffside. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
*1374 & 1376-1386 Kingston Rd in the Birch Cliff community in Scarborough, ON. Located minutes to Lake Ontario and overlooking the Toronto Hunt Club, the Property provides serene, picturesque and unobstructed views which will benefit any future redevelopment of the Site. The offering represents a prime redevelopment opportunity for a boutique condominium, purpose-built rental or seniors housing project given its location, unobstructed views of the Toronto Hunt Club and prominent corner location. Situated within the Birch Cliff neighbourhood, the area is highly desirable given its proximity to Lake Ontario, schools, parks, local amenities and retail shopping. With existing approvals in place, the Property provides opportunity for redevelopment in the near term, or exploring other opportunities by capitalizing on the City of Toronto's new Mid-Rise Building Design Guidelines. A portion of the Site received ZBLA approval in 2019, allowing for the development of a 6-storey building with 50 residential units and a GFA of 59,300 sq. ft. This offering represents a rare opportunity for a range of developers, operators and investors to acquire an ideally located development site with in-place approvals and meaningful upside through evolving planning policies. Combined with its prominent corner location, views of the Toronto Hunt Club and Lake Ontario and strong surrounding amenities, the Property is well positioned to support a range of redevelopment opportunities.
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Data-driven valuation for 1374* Kingston Road, Toronto, ON M1N 1R2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1 in Toronto, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $0 also applies, bringing the total estimated land transfer taxes to $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.