Listed by Re/Max Experts.

7445 Islington Avenue is a Vacant Land and is currently for Sale @ $8,800,000. Taxes in 2023 were $9,293.40.

More homes for sale under 8.8M in Vaughan

**Rare 9. The home on 7445 Islington Avenue has 0 bedrooms, 0 bathrooms, and is located on a 555.20 x 439.67 ft loton 5-9.99 acres in the community of East Woodbridge .39 ACRE Lot well located on the border of Toronto & Vaughan near public transit, highway access, schools & shopping. These lands are within the delineated built boundary of a settlement area, with access to municipal water and wastewater systems. Development opportunities may contribute to a diverse range & mix of housing options, lot sizes, functions and tenures and level of affordability within the area. Rare opportunity to appropriately intensify these lands in a wide range of built forms & densities while enhancing Environmentally Significant areas to include the forest landscape setting and access to open spaces along Islington Avenue. Fabulous opportunity for Small Builder/Developer to build more apartments & housing to meet provincially mandated housing targets. This Rare Find Vacant Lot has an Incredible 439 Feet of Frontage & 2 Driveway Entrances off Islington. Its picturesque park-like setting attracts visits from the local deer & has been enjoyed by the same family for over 85 years. With added value in the mature trees & running stream, it offers buyers land-use diversity while still providing the enjoyment of a natural setting! It is adjacent to existing residential housing & offers a perfect natural feature ravine setting for much needed new residential units and/or other development to support Vaughan's growth! Many developments underway in the immediate vicinity, including a proposed 3-4 storey residential apartment with 90 units and 108 parking spaces. Other recent approved developments include residential units at 8274-8286 Islington Avenue. RARE **9.39** ACRES OF INFILL Land with Prime Development Opportunity! Contact broker more information with respect to Official Plan and Zoning By-Law Amendments Applications that may be required to support your proposed vision for development.

Last March, Federal gov. launched the Housing Accelerator Fund & Vaughan Council agreed to mandated housing targets to construct new homes by 2031. Fabulous Opportunity for development to meet Vaughan's mandated housing targets.

The address 7445 Islington Avenue was listed for sale (MLS# N8072790) on Friday, February 16, 2024.