238 Berkeley St, Toronto

238 Berkeley St, Moss Park, Toronto M5A2X4

Vacant Land

51.34 x 120.25

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.

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).

Lots 57 And 58, Plan 160