$5,250,000
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). (id:51158)
Property Details
MLS® Number
|
C11931506 |
Property Type
|
Vacant Land |
Community Name
|
Moss Park |
About 238-240 Berkeley Street, Toronto (Moss Park), Ontario
This For sale Property is located at 238-240 Berkeley Street Vacant Land set in the community of Moss Park, in the City of Toronto (Moss Park) Vacant Land bedroom(s), bath(s) . 238-240 Berkeley Street heating . This house features a Fireplace.
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This Toronto (Moss Park)
The Current price for the property located at 238-240 Berkeley Street, Toronto (Moss Park) is $5,250,000 and was listed on MLS on :2025-01-20 16:00:54. The current average price in the city of is $0.00. The lowest price listed on MLS for a listing is $0.00. The highest priced 's in the area is prices at $0.00. The city of has 0 - 's listed on the MLS System.
Building
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Sewer
|
Sanitary Sewer |
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|under 1/2 Acre |
Utilities
Cable
|
Available |
Sewer
|
Installed |
https://www.realtor.ca/real-estate/27820588/238-240-berkeley-street-toronto-moss-park-moss-park