4155 Sheppard Avenue E, Toronto, ON M1S 1T4, Toronto E07, ON
40838.29 sqft
4151-4155 Sheppard Avenue East & 5 Lamont Avenue represents a rare opportunity to acquire a fully zoned, transit-oriented high-rise development site in the heart of Scarborough, directly across from Agincourt GO Station. All three properties are included in the listing price and related development application. The property benefits from an OLT-approved settlement permitting a 39-storey residential tower with approximately 409,000 SF of GFA. An alternative development concept has also been prepared, outlining a reduced-scale program of approximately 297,000 SF of GFA over 25-storeys. The site sits on 0.93 acres of land with interim holding income from a diverse mix of tenancies. This opportunity allows investors to pursue either the fully approved density or a right-sized alternative program, delivering optionality in a constrained development market. Supported by strong rental fundamentals, limited new supply, and continued intensification along the Sheppard corridor, this offering presents a compelling opportunity to capitalize on both near-term execution and long-term growth within one of Toronto's most dynamic emerging nodes.
Property Highlights
For Sale
MLS NO.
E13084274
Type
Commercial
Sub Type
Land
Square Footage
40838.29 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E13084274
Lot Width
179.0
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
4155 Sheppard Avenue E, Toronto, ON M1S 1T4
City
Toronto E07
Neighbourhood
Agincourt South-Malvern West
County / Region
Toronto
Province / State
ON
Postal Code
M1S 1T4
Cross Street
Sheppard Ave E & Lamont Ave
Directions
Sheppard Ave E & Lamont Ave
Country
CA
List Price
$15,499,000
Annual Taxes
$77,491
Tax Year
2026
Legal Description
PT LT 2 PL 3395 SCARBOROUGH PT 1 64R8555; PT LT 45 RCP 9945 SCARBOROUGH PT 4 64R8555; TORONTO , CITY OF TORONTO
Possession Type
Immediate
Listing Office
LENNARD COMMERCIAL REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-05T15:25:39Z
Media Updated
2026-05-07T14:49:50Z
Photos Updated
2026-05-07T14:49:50Z
Last Modified
2026-05-08T14:21:48Z
System Modified
2026-05-08T14:21:48.719765Z
MLS Status
New
Co List Office Name
LENNARD COMMERCIAL REALTY
Ddfyn
No
Expiration Date
2026-10-31
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
061640153
Public Remarks
4151-4155 Sheppard Avenue East & 5 Lamont Avenue represents a rare opportunity to acquire a fully zoned, transit-oriented high-rise development site in the heart of Scarborough, directly across from Agincourt GO Station. All three properties are included in the listing price and related development application. The property benefits from an OLT-approved settlement permitting a 39-storey residential tower with approximately 409,000 SF of GFA. An alternative development concept has also been prepared, outlining a reduced-scale program of approximately 297,000 SF of GFA over 25-storeys. The site sits on 0.93 acres of land with interim holding income from a diverse mix of tenancies. This opportunity allows investors to pursue either the fully approved density or a right-sized alternative program, delivering optionality in a constrained development market. Supported by strong rental fundamentals, limited new supply, and continued intensification along the Sheppard corridor, this offering presents a compelling opportunity to capitalize on both near-term execution and long-term growth within one of Toronto's most dynamic emerging nodes.
