240-242 Finch Avenue W, Toronto, ON M2R 1M7
Newtonbrook West, Toronto · Near Finch Ave W & Bathurst St · View map
About this home
An exceptional residential development opportunity in North York, located at 240-242 Finch Avenue West. The Property features approved plans for a four-storey, purpose-built rental building comprising 41 residential units and approximately 26,339 SF of gross floor area. With a boutique development scale, the Property offers an attractive opportunity for residential developers seeking a manageable investment with potential for future value creation. Developers may also explore opportunities to increase density and gross floor area, subject to municipal approvals. Offered through a court-appointed receivership, this opportunity is well suited to developers seeking to expand their residential portfolio in Toronto.
The home
- Type
- Land
- Square footage
- 26339 sq ft
- Lot size
- 130 x 110.4 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $13,673/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Finch Ave W & Bathurst St
- Neighbourhood
- Newtonbrook West
More
- MLS® number
- C14141080
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
240-242 Finch Avenue, Toronto, ON M2R 1M7
Newtonbrook West, Toronto · Near Finch Ave W & Bathurst St
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Listing history for 240-242 Finch Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 240-242 Finch Avenue W
Answers come straight from this home’s MLS® listing.
How much is 240-242 Finch Avenue W listed for, and what would it cost each month?
240-242 Finch Avenue W is listed for $3,900,000. With 20% down ($780,000), the mortgage payment would be roughly $15,732 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $16,871 a month, all in. That figure is an illustration, not a quote.
Is 240-242 Finch Avenue W freehold or a condo, and is there a monthly fee?
240-242 Finch Avenue W is a land in Newtonbrook West, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 240-242 Finch Avenue W have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 240-242 Finch Avenue W?
240-242 Finch Avenue W is a land. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 240-242 Finch Avenue W, and what is the lot size?
The lot is listed as 130 x 110.4 ft.
What are the property taxes for 240-242 Finch Avenue W?
Property taxes are $13,673 a year (2026), or about $1,139 a month.
Where is 240-242 Finch Avenue W?
240-242 Finch Avenue W is in the Newtonbrook West community of Toronto. The nearest main intersection is Finch Ave W & Bathurst St. The postal code is M2R 1M7.
Is 240-242 Finch Avenue W still for sale?
Yes. It is an active listing (MLS® C14141080). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 240-242 Finch Avenue W asking?
Similar properties for sale nearby right now include 514 - 1280 Finch Avenue W at $4,388,000, 504 - 513 - 1280 Finch Avenue W at $4,388,000 and 2 - 1270 Finch Avenue W at $2,899,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 240-242 Finch Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 240-242 Finch Avenue W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Commercial retail$2,899,0002 - 1270 Finch Avenue W, TorontoYork University HeightsCourtesy of: RE/MAX EXPERTSView home →Courtesy of: COLLIERS
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.