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$5,250,000
Available - For Sale
Listing ID: C9510235
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. Site plan approved. 6 subdivided lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options.
Price $5,250,000
Taxes: $14,488.55
Tax Type: Annual
Occupancy by: Vacant
Address: 238 Berkeley St , Toronto, M5A 2X4, Ontario
Postal Code: M5A 2X4
Province/State: Ontario
Legal Description: Lots 57 and 58, Plan 160
Lot Size: 51.34 x 120.25 (Feet)
Directions/Cross Streets: Parliament St / Dundas St E
Zoning: Residential
Category: Designated
Use: Residential
Total Area: 6,173.64
Total Area Code:  Sq Ft
Area Influences: Public Transit   Subways
Sewers: San+Storm
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS REFERRED URBAN REALTY

238 Berkeley St , Toronto, M5A 2X4, Ontario


 
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Type: Com - Land
Area: Toronto
Municipality: Toronto
Neighbourhood: Moss Park
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Lot Size: 51.34 x 120.25(Feet)
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Tax: $14,488.55
Maintenance Fee: $0
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