For Sale

238 Berkeley Street, Toronto (Moss Park), Ontario M5A2X4

$5,250,000

238 Berkeley Street, Toronto (Moss Park), Ontario M5A2X4 is For Sale and has a listing price of 5,250,000. The property is located in the Cabbagetown South neighbourhood. It's been on the website for 29 Days.

  • Vacant Land
    Property Type
  • MLS ID: C9510235
  • Office Name KELLER WILLIAMS REFERRED URBAN REALTY
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. Site plan approved. 6 subdivided lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options. (id:43137)

Property Details
  • MLS ID: C9510235
  • Price: $5,250,000
  • Transaction Types: For Sale
  • Ref ID: 27579372
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
10/24/2024 C9510235 $5,250,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Cabbagetown South
  • $1,777,862 Average List Price
    based on 1 year
  • 19 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.88 % Below
  • Sold (12mo) 17
  • Rented (12mo) 41

  • 1 Month Change -14.4%
  • 3 Month Change +8.0%
  • 6 Month Change +26.8%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 97 Transit Score
    Rider's Paradise
  • 99 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    59.69%
  • Commercial
    24.57%
  • Condo
    15.36%
  • Land for Sale
    0.38%
Additional Details
  • Water Municipal Water
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 24/10/2024 00:00:00
  • Zoning R1
  • Agent Name: KENNETH YIM
  • Last Updated: 25/10/2024 13:00:34
Open House Dates
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