$1/mo - 740-748 Sheppard Avenue, North York
Land for Rent in North York
357 days on marketNeighbourhood: Bathurst Manor
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- MLS Number
- C12423273
- Property Type
- Land
- Status
- active
- Days on Site
- 357
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 18,855 sqft
- Neighbourhood
- North York (Bathurst Manor / Clanton Park)
- Lot Size
- 18,855 sqft
- Listing Brokerage
- COLLIERS
The opportunity represents vacant, shovel-ready development land, with an area of 18,855 SF and with 141' fronting on Sheppard Ave W. The Property has already been approved for Official Plan and Zoning By-Law Amendments, with a site plan application under review. The current development scheme is a 9-storey mixed use building with 70 residential units and 1,669 SF or retail space, for a total GFA of 59,430 SF. This scheme has a suite mix of different unit sizes and 71 parking spaces across 2 underground levels. It is well-located, being a short bus ride to Sheppard West TTC Station and close to Highway 401 and Yorkdale Shopping Centre.
Discover Bathurst Manor
Bathurst Manor is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Bathurst Manor
- •Convenient location in North York (Bathurst Manor / Clanton Park)
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Bathurst Manor offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
740-748 Sheppard Avenue, North York (Bathurst Manor / Clanton Park)
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The North York planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Extended Time on Market — Potential Leverage
At 357 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and North York's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.