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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