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238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto
  • 238 BERKELEY STREET Toronto

238 BERKELEY STREET, Toronto, Ontario

$5,250,000

  • 6,174 Square Feet

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. *** (id:23309)

  • Listing ID: C9510235
  • Property Type: Vacant Land
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Details

  • Amenities Nearby: Public Transit
  • Transaction: For sale
  • Zoning Description: Residential

Building

  • Fireplace Present: False
  • Size Interior: 6173.64 sqft
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Size Frontage: 51 ft ,4 in
  • Size Irregular: 51.34 x 120.25 FT
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Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 238 BERKELEY STREET in Toronto Ontario. It was last modified on October 24th, 2024. Contact Jennifer Burgess to schedule a viewing or to discover other Toronto properties for sale.

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