98 Pitt Avenue, Toronto, ON M1L 2R6

About this home

Prime Multi-Unit Development Opportunity - Fully Severed, Approved, & Ready for Building Permits!ATTENTION BUILDERS & INVESTORS: Offered at $800K Per Lot ($1.6M Total for Both Severed Lots). Option to purchase 98 Pitt Ave or 98A Pitt Ave as individual lot, or acquire both lots as a complete turnkey package.Prime candidate for multi-unit redevelopment, ideal for a 4-plex plus! Bypass a full year of municipal delays and start building immediately. All the heavy lifting, planning red tape, and upfront capital investment have already been meticulously handled for you at 98 & 98A Pitt Avenue. Save over 1 year of waiting period for severance and other permits: this exceptional property comes completely ready for construction, featuring a fully completed lot severance (creating two distinct buildable lots) and Committee of Adjustment approval already secured. Skip the lengthy administrative cycle-the Zoning Certificate is locked in, Urban Forestry clearance is complete, the tree damage deposit is paid in full, and required tree protection fencing is already installed on-site. Additionally, the heavy financial and creative investment is completely done-fully paid, professional architectural designs (around $26,000 value) for both 98 and 98A are included and ready to go.There is no more waiting on planning committees, forestry reviews, or design drafts. A full year of time and effort is already banked for you. The path forward is crystal clear: simply submit the complete, ready-to-go architectural plans to pull your building permits and break ground. Single Lot Purchase: Ideal for custom home builders or end-users looking for a pre-approved single-lot build. Package Purchase (Both Lots): Perfect for multi-residential developers looking to maximize site yield and profitability.An unmissable opportunity to skip the queue and fast-track straight to project execution!

Home details

Days on market

Not reported

Property type

Detached

MLS® number

E14127860

Source status

New

Bedrooms

6

Bathrooms

2

Postal code

M1L 2R6

Kitchens

2

Kitchens above grade

1

Kitchens below grade

1

Family room / den

No

Interior size (reported range)

700-1100 (units not reported)

Lot depth

106 ft

Garage parking spaces

Not reported

Total parking spaces

4

Occupancy

Vacant

Possession type

Immediate

Garage

None

Annual property tax

4373.71

Basement

Development Potential

Interior features

None

Architectural style

Bungalow

Parking features

Private

Pool features

None

Fireplace

Yes

Waterfront

No

Garage available

No

Heating system

Forced Air

Heating fuel

Gas

Cooling

None

Sewer

Sewer

Direction facing

West

Construction materials

Aluminum Siding

Roof

Asphalt Shingle

Foundation

Block

MLS entry age (not confirmed DOM)

9 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Sewer

Sewer

Heating system

Forced Air

Heating fuel

Gas

Cooling

None

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Bedrooms above grade

3

Bedrooms below grade

3

Rooms above grade

6

Rooms below grade

4

Total rooms (source)

9

Den / family room reported

No

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,599,900

1. Oct 29, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

Toronto

Municipality

TORONTO

MLS® community

Clairlea-Birchmount

MLS® district

Toronto E04