$1,049,999
↓ $650,000 from $1,699,999
Est. payment $4,649/moCalculate yours
48 D’arcy Rear Street, Toronto, ON M5T 1J7
Kensington-Chinatown, Toronto, ON M5T 1J7
Listing courtesy of RIGHT AT HOME REALTY MLS® C11938527
About this home
Attention builders and investors this vacant land presents a prime development opportunity in the heart of downtown Toronto. Strategically located on a quiet laneway, it offers exceptional proximity to the University of Toronto, the Ontario College of Art and Design, Queens Park, major hospitals, and the TTC. This desirable location, combined with strong rental demand, makes it ideal for the construction of a rental building. This is an exceptional opportunity to acquire a development site in one of Toronto’s most sought-after neighborhoods.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- Price Change
Building & Systems
- Water
- None
- Sewer
- None
Lot & Parking
- Lot Size
- 56.26 x 63.12 Feet
Financial
- Property Taxes
- $9,592 (2024)
Location
- Neighbourhood
- Kensington-Chinatown
- Cross Street
- Dundas/University
- Direction Faces
- North
Listing
- MLS® Number
- C11938527
- Days on Market
- 633
- Listed On
- 2025-01-23
- Possession
- Vacant
- Listed By
- RIGHT AT HOME REALTY
Features
Interior
- None
Mortgage calculator
Estimated mortgage payment
$4,649 per month
- Principal and interest
- $4,649
- Property tax
- $799
- Condo fees
- $0
- Estimated monthly cost
- $5,449
Your mortgage
- Mortgage amount
- $839,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $554,751
Cash to close
- Down payment
- $210,000
- Land transfer tax (Ontario + Toronto)
- $34,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $244,950
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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