Home · Buy · Toronto W03 · 507 Old Weston Road, Toronto, ON M6N 1P2
+ 12 photos
For Sale · Vacant Land
507 Old Weston Road, Toronto, ON M6N 1P2
Toronto W03 · Weston-Pellam Park
East exposure
0
Beds
0
Baths
0
Parking
2000-2500
Sq ft
—
Built
The honest picture
List price
$491,000
▼ 40% below benchmark
Where this price sits vs the typical all homes home in Weston-Pellam Park.
Benchmark $825,000
Typical low · $784,000Typical high · $866,000
The benchmark is the typical price for all homes homes in Weston-Pellam Park (TRREB HPI, June 2026), a market reference — not this home's exact value.
About this home
Shovel-Ready Toronto Development Site! Two lots (505 & 507 Old Weston Rd) sold together with all approvals plus full drawings. Start building ASAP. Perfect for builders looking to capitalize on a ready-to-go project in a thriving urban pocket. Builders, Investors, and End Users, take advantage of Provincial and City incentives! Now is the perfect time to obtain two rare vacant lots for development in Toronto's Junction neighbourhood. Plans and approvals for a gorgeous detached 4-Bedroom 6-Bathroom with Built-in Garage and Patio on each lot are ready to go. Ontario government incentives provide buyer to purchase new home and save the HST, plus builder savings of 50% off development charges make this the perfect time to construct a highly desirable dream home. This ideal location is located steps to a variety of transportation options including Eglinton GO and UP Express Stations providing direct links to Union Station, as well as the dedicated St Clair Streetcar track and newly completed Eglinton Crosstown LRT. This amazing family neighbourhood also features great schools, shopping, and restaurant options. With the current existing incentives this is an opportunity not to be missed!
Property details
Listed on
July 23, 2026
Days on market
4 days
Property tax
$2,956 (2025)
Lot
45.79 × 35.19 Feet
MLS®
W13597392
Full details
Building & lot
FacingEast
Lot size45.79 × 35.19 Feet
Property typeVacant Land
Property & sold history
🔒
See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 5.0%
$
Down:or type any amount above
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$6,295
Toronto municipal LTT$6,295
Legal · title · inspection$2,800
Closing costs$15,390
Down payment$24,550
Total cash to close$39,940
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.