238 Berkeley Street, Toronto, ON, M5A 2X4

Property Details: - Type: Vacant Land - Bedrooms: 0 - Bathrooms: 0 - MLS#: C12928650 Listed By: PROPERTY.CA INC.

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 24 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. This vacant land home located at 238 Berkeley Street, Toronto is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $4,499,000 with an estimated mortgage of $16,560* per month. It has beds and 0 bathrooms. 238 Berkeley Street, Toronto is in the Moss Park neighborhood Toronto. Waterfront Communities C8, Church Yonge Corridor and Regent Park are nearby neighborhoods.