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