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$ 5,250,000
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Active
238 Berkeley ST Toronto C08, ON M5A 2X4
6,173 SqFt
UPDATED:
02/08/2025 10:14 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,173 sqft
Price per Sqft $850
Subdivision Moss Park
MLS Listing ID C9510235
Annual Tax Amount $14,488
Tax Year 2024
Property Description
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).
Location
Province ON
County Toronto
Community Moss Park
Area Toronto
Zoning Residential
Exterior
Community Features Public Transit, Subways
Utilities Available Available
Building
Lot Description Lot
Lited by KELLER WILLIAMS REFERRED URBAN REALTY
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