ON > Toronto C08 > Moss Park
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
Toronto C08, ON M5A 2X4,238-240 Berkeley ST
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Fawad Nissari

Fawad Nissari

eXp Realty

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

Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Moss Park

MLS Listing ID C11931506

Annual Tax Amount $14,488

Tax Year 2024

Property Sub-Type Vacant 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

Rooms

Kitchen 0

Interior

Interior Features None

Exterior

Waterfront Description None

Lot Frontage 51.34

Lot Depth 120.25

Listed by KELLER WILLIAMS REFERRED URBAN REALTY
agent-avatar

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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