4155 Sheppard Avenue E

4151–4155 Sheppard Avenue East & 5 Lamont Avenue represents a rare opportunity to acquire a fully zoned, transit-oriented high-rise development site in the heart of Scarborough, directly across from Agincourt GO Station. The property benefits from an OLT-approved settlement permitting a 39-storey residential tower with approximately 409,000 SF of GFA, offering immediate execution certainty in a market where entitlement risk remains a key barrier to entry.

Strategically positioned within a rapidly evolving Major Transit Station Area, the site is located just a short walk to GO Transit, providing direct access to Union Station in under 30 minutes and strong connectivity across the GTA. This level of transit accessibility continues to drive rental demand and positions the asset as an ideal purpose-built rental or condominium development opportunity.

Recognizing current market conditions and evolving developer preferences, an alternative development concept has also been prepared, outlining a reduced-scale program of approximately 297,942 SF of GFA. This approach provides a more efficient and executable scheme aligned with today’s capital environment, offering flexibility for developers seeking to mitigate risk while maintaining a strong transitoriented density profile.

The opportunity allows investors to pursue either the fully approved density or a right-sized alternative program, delivering optionality in a constrained development market. Supported by strong rental fundamentals, limited new supply, and continued intensification along the Sheppard corridor, this offering presents a compelling opportunity to capitalize on both near-term execution and long-term growth within one of Toronto’s most dynamic emerging nodes.