$ 5.250.000

238 Berkeley Street, Toronto

  • Living area: 6173.64 square feet
  • Type: Lots and Land
  • Added: 11 days ago
  • Updated: 10 days ago
  • Last Checked: 25 minutes ago
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. ***

Interior Features

  • Living Area: 6173.64

Exterior & Lot Features

  • Water Source: Municipal water
  • Lot Size Dimensions: 51.34 x 120.25 FT

Location & Community

  • Directions: Parliament St / Dundas St E

Business & Leasing Information

  • Business Type: Residential

Tax & Legal Information

  • Tax Annual Amount: 14488.55
  • Zoning Description: Residential
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Nearby Places

Name
Type
Address
Distance
The Grand Hotel & Suites Toronto
Lodging
225 Jarvis St
0.6 km
Allan Gardens
Park
19 Horticultural Ave
0.7 km
Enoch Turner Schoolhouse
Museum
106 Trinity St
0.7 km
Toronto's First Post Office
Post office
260 Adelaide St E
0.7 km
Phoenix Concert Theatre
Night club
410 Sherbourne St
0.9 km
The School of Toronto Dance Theatre
School
80 Winchester St
0.9 km
Mackenzie House - City of Toronto Historic Sites
Museum
82 Bond St
0.9 km
Ryerson University
University
350 Victoria St
0.9 km
Toronto Sculpture Garden
Park
Toronto
1.1 km
Riverdale Farm
Food
201 Winchester St
1.1 km
National Ballet School, The
School
400 Jarvis St
1.1 km
Toronto Eaton Centre
Shopping mall
220 Yonge St
1.2 km
More Details?
KENNETH YIM
  • KENNETH YIM
  • KELLER WILLIAMS REFERRED URBAN REALTY
  • 416-572-1016
  • WebSite

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