$5,250,000
Available - For Sale
Listing ID: C9510235
238 Berkeley Street , Toronto, M5A 2X4, Toronto
| 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). |
| Price | $5,250,000 |
| 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 |
| Lot Size: | 51.34 x 120.25 (Feet) |
| 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 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 6173.64 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Subways |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| KELLER WILLIAMS REFERRED URBAN REALTY |
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At a Glance:
| Type: | Com - Land |
| Area: | Toronto |
| Municipality: | Toronto C08 |
| Neighbourhood: | Moss Park |
| Lot Size: | 51.34 x 120.25(Feet) |
| Tax: | $14,488.55 |
| Fireplace: | N |
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