$5,250,000
FOR SALE

Land

Lot: 51.34 x 120.25 ftTotal Area: 6,173.64 ft2
2024 Taxes: $14,488.55

238 Berkeley St
Toronto, ON M5A 2X4 | Moss Park

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. **EXTRAS** Included: Architectural drawings for 6 freehold townhomes with backyard and garage. 6 lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options. Possible to buy one row of townhouses (3/6 lots).
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Listed By KELLER WILLIAMS REFERRED URBAN REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9510235
Last Updated Feb 13, 2025
Property Summary
Property Type Land

More like this:
Use Residential
Category Designated
PIN 210900463
Legal Description Lots 57 and 58, Plan 160
Occupancy Vacant
Possession Date Flexible
Taxes (2024) $14,488.55
Tax Type Annual
Directions/Cross Streets Parliament St / Dundas St E
Neighbourhood Moss Park
Area Toronto
Price History

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Detailed Information
Lot 51.34 x 120.25 ft
Total Area 6,173.64 ft2
Area Influences Public Transit, Subways
Sewers San+Storm
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Residential
Seller Property Info Statement N

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