Listed for:Listed 2 days ago
$19,000,000

16-26 Coburn Avenue

Toronto (Broadview North), ON M4K 2E7

Vacant Land For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 16-26 Coburn Avenue, Toronto, Broadview North

No listing history available

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About 16-26 Coburn Avenue, Toronto, Broadview North

Summarized Description

  • High-density redevelopment site in East York.
  • Approved for 25-storey apartment building.
  • 299 units with flexible mix available.
  • Current holding income from existing apartments.
  • Close to future Ontario Line station.
  • 90% occupancy in existing building.
  • Affordable rental units required by agreement.
  • Potential for lease-up during pre-development.

Approved high-density redevelopment assembly with in-place multifamily income in East York's Broadview North neighbourhood. Three adjacent parcels at 16, 20 & 26 Cosburn Ave., totaling approx. 23,203 SF (0.53 acres) with 186 ft of frontage. Zoning by-law Amendment approved for a 25-storey (80.93 m) apartment builidng with 211,284 SF of FGA, including indoor amenity space. The current plan includes 299 units (38 bachelor, 153 one-bed, 76 two-bed, 32 three-bed; mix is flexible) and 29 parking spaces. Site Plan Application deemed complete September 2022, with a second resubmission made December 2024; a buyer may assume and finalize the application. Rental Housing Demolition approved by City Council in July 2023, subject to a Section 111 Agreement requiring 30 replacement rental units (27 affordable, 3 mid-range). The site is currently improved with a 3-storey, 30-unit apartment building (20 Cosburn), approx. 90% occupied, and two vacant detached homes (16 & 26 Cosburn), providing holding income and lease-up upside during pre-development. Located witin an MTSA, approx. a 6-minute walk to the future Ontario Line Cosburn Station, with TTC bus service to Broadview and Pape stations steps away. Cloe to the DAnforth, Pape Ave. shops and the Don Valley trail systems.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$61,193
Land Transfer Tax Fee
$1,082,950

Interior Features

Fireplace/Stove
No
Elevator
No

Building

Building Type
Land

Lot

Lot Front
125.00 ft
Lot Depth
147.00 ft
Lot Size
0.53
Lot Shape
Irregular

Heating & Cooling

Water
Municipal
Sewers
Sanitary+Storm

Municipality
Toronto
Neighbourhood
Broadview North
Main cross streets
Cosburn Ave/Broadview Ave
Zoning
RA - Residential Apartment
Directions
Cosburn Ave/Broadview Ave

MLS® number
E14028870
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-13
Updated on
2026-10-13
Days on market
2 days
Possession type
Flexible
Co-op commission
1%
Seller
Listed by
COLLIERS

Home Market Value

Current home valuation for 16-26 Coburn Avenue, Toronto, Broadview North, Toronto, ON. Listed for $19,000,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 16-26 Coburn Avenue, Toronto, Broadview North

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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$15,200,000$14,250,000$13,300,000$12,350,000
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=Mortgage payment
$74,214monthly$69,576monthly$64,937monthly$60,299monthly
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Land Transfer Tax

Provincial

$461,475

Municipal (Toronto)

$621,475

Total Land Transfer Tax

$1,082,950

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