$4,499,000
Available - For Sale
Listing ID: C12928558
238 Berkeley Street , Toronto, M5A 2X4, Toronto
| An exceptional opportunity to acquire a shovel-ready, fully approved development site for six freehold townhomes, each situated on its own separately deeded lot. This cleared site offers a seamless transition to construction, coming complete with architectural drawings and detailed renderings, effectively eliminating the delays of demolition and tenant relocation. The project benefits from four existing development credits due to previous structures on-site, allowing a builder to deliver six homes while paying development charges for only two units. The current plans feature spacious 2,000 sq. ft. layouts, with the flexible option to expand to 2,400 sq. ft. by optimizing garage space. The site holds significant untapped potential, with as-of-right zoning allowing for up to 24 dwelling units or higher depending on built form. The lot measures approximately 51.3 ft x 121 ft and is strategically located in a high-growth corridor, just a 10-minute walk from the upcoming Ontario Line Subway station and within close proximity to the Financial District, TMU, and the University of Toronto. Included are six individual PINs (238, 238A, 240 Berkley St & 239A, 239B, 241 Milan St) and a full architectural package for freehold townhomes featuring private backyards and garages. |
| Price | $4,499,000 |
| Taxes: | $14488.55 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 238 Berkeley Street , Toronto, M5A 2X4, Toronto |
| Postal Code: | M5A 2X4 |
| Province/State: | Toronto |
| Legal Description: | Lots 57 and 58, Plan 160 |
| Directions/Cross Streets: | Parliament St / Dundas St E |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 6173.64 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Subways |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| PROPERTY.CA INC. |
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Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
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At a Glance:
| Type: | Com - Land |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Moss Park |
| Tax: | $14,488.55 |
| Fireplace: | N |
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