238 Berkeley Street Toronto, Ontario M5A 2X4

$4,249,000

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 36 (24 non micro) 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. (id:49203)

Property Details

MLS® Number C13008880
Property Type Vacant Land
Community Name Moss Park

Building

Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Size Depth 120 Ft ,3 In
Size Frontage 51 Ft ,4 In
Size Irregular 51.34 X 120.25 Ft
Size Total Text 51.34 X 120.25 Ft
Zoning Description Residential

Utilities

Electricity Available
Sewer Installed

https://www.realtor.ca/real-estate/29616425/238-berkeley-street-toronto-moss-park-moss-park

Contact Us

Contact us for more information

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Leonard Fridman
Broker

(416) 363-3473

Forest Hill Real Estate Inc.
235 Clinton Street
Toronto, Ontario M6G 2Y4

(416) 363-3473

Dani Habbal
Salesperson

(416) 303-7589

Royal LePage Real Estate Associates
103 Lakeshore Rd East
Mississauga, Ontario L5G 1E2

(905) 278-8866
(905) 278-8881

Dekker Team
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