Active

238 Berkeley St

Toronto Ontario, M5A 2X4

C$5,250,000


C$850.39 per sqft

Active

0.14 Acres

Land

Opportunity to acquire a fully approved development site for 6 freehold townhomes, each on separately deeded lots. The site comes with architectural drawings and detailed renderings, offering a turnkey solution for immediate development. Additionally, theres potential for higher density through further approvals, with current zoning already allowing up to 15 dwelling units as-of-right. Each townhome spans approximately 2,000 square feet, with an option to increase to 2,400 square feet by eliminating the garages, offering flexible design and space optimization. *** Cleared Site, eliminating the need for costly and time-consuming demolition. *** No tenants to evict and no rental replacement requirements, streamlining the development process. *** Development Charge Savings, 4 development credits due to the previous duplexes on-site. Build 6 townhomes while paying development charges for only 2 units. No development charges if the site is converted to three 5-unit multiplexes. *** Spacious lot dimensions: 15.58m x 37.18m (511 x 1220). *** Vendor Take-Back Mortgage Available. *** Zoned and Site Plan Approved, can go straight to building permits. *** Additional Potential: Build up to 15 units as-of-right, with support for higher density with additional approvals. *** Proximity to Financial District *** Growth area and is seeing substantial development, including new residential, commercial, and mixed-use projects that are transforming the neighbourhood and upcoming Ontario Line TTC Subway Station only a 10-minute walk, Toronto Metropolitan University and the University of Toronto nearby. ***

C9510235

MLS ID

October 26, 2024

Updated

Map

238 Berkeley St
Toronto Ontario, M5A 2X4

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

SanStorm

Other Property Details

Area Name

Moss Park


Taxes

$14,489


Tax Frequency

Annually


Garage

No


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Zoning

Residential

 

Courtesy of Listed by , KELLER WILLIAMS REFERRED URBAN REALTY,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 10:41 AM UTC, 10/26/2024

 

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