ON > Toronto C08 > Moss Park
Toronto C08, ON M5A 2X4,238 Berkeley ST
Toronto C08, ON M5A 2X4,238 Berkeley ST
Toronto C08, ON M5A 2X4,238 Berkeley ST
Toronto C08, ON M5A 2X4,238 Berkeley ST
Toronto C08, ON M5A 2X4,238 Berkeley ST
Toronto C08, ON M5A 2X4,238 Berkeley ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 5,250,000
Est. payment | /mo

6,173 SqFt

Save
$ 5,250,000
Est. payment | /mo
Save

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

Subdivision Moss Park

MLS Listing ID C9510235

Annual Tax Amount $14,488

Tax Year 2024

Property Sub-Type Land

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. **EXTRAS** Included: Architectural drawings for 6 freehold townhomes with backyard and garage. 6 lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options. Possible to buy one row of townhouses (3/6 lots).

Location

Province ON

County Toronto

Community Moss Park

Area Toronto

Exterior

Community Features Public Transit, Subways

Utilities Available Available

Lot Frontage 51.34

Lot Depth 120.25

Listed by KELLER WILLIAMS REFERRED URBAN REALTY
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When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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