$ 5,250,000
238 Berkeley ST Toronto C08, ON M5A 2X4
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$ 5,250,000
Est. payment | /mo
6,173 SqFt
$ 5,250,000
Est. payment | /mo
6,173 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,173 sqft
Price per Sqft $850
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. ***
Location
State ON
County Toronto
Community Public Transit, Subways
Area Moss Park
Exterior
Community Features Public Transit, Subways
Utilities Available Available
Listed by KELLER WILLIAMS REFERRED URBAN REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "