Ravine lot with building permit for 4,300 sq ft custom home

Property details for 312 Taylor Road, Toronto

Type: Residential
Bedrooms: 3
Bathrooms: 2
Lot Size: 100 x 255 FT
Stories: 2
Basement: Unfinished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Aluminum siding
Ownership: Freehold
Annual Taxes: $6,885

This is a rare find: a 100 x 255 ft ravine lot in Scarborough with permits in hand to build a 4,300 sq ft custom home. Demolition and building permits are ready, and an 18-month application process with environmental studies has been completed. You're looking at a blank canvas with a triple garage plan already approved. The existing house is a 3-bed, 2-bath fixer-upper that needs work, but it's livable while you plan your build. The real selling point here is the setting. This lot backs onto Rouge National Urban Park, so you get protected green space and wildlife right in your backyard. There's 100 feet of water frontage along the Rouge River, which is a rare commodity. You're about 5 km from the University of Toronto Scarborough campus and within reach of several schools. Property is listed at $1,499,000, which is above the nearby median price of $987K, but you're paying for the land and the approvals. Similar lots in the area are scarce, and with only a handful of active listings, this one stands out. If you're looking for a project with a solid plan and location, this is it.

About 312 Taylor Road, Toronto — Property Score

Feature Rich Great Location

Score: 60/100

Value

Priced 58% above area median of $949,000 based on 175 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 2 fewer than similarly priced 5-bedroom homes nearby 36

2 bathrooms - 2 fewer than similarly priced properties nearby 36

25,500 sqft lot - an oversized lot for the area 90

Location

$140K median household income - well above the Canadian average of $70K 100

90% of residents hold postsecondary credentials - a highly educated neighbourhood 97

90% homeownership rate - indicating a stable, owner-occupied community 93

50% of residents commute under 30 minutes - good commuting convenience 70

488/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 58 days on market 100

-99.1% median price change over 1 month - declining prices in the area 1

37.5 months of housing supply - 2961 active listings with 79 sold last month (buyer's market) 40

Features

12-car garage - more than the area average of 4.2 spots 95

Unfinished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Pool, View - premium features that add significant value 75

Investment

0.46% effective tax rate ($6,884/yr) - very low tax burden 86

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

20 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.