238 Berkeley Street, Toronto C08, ON M5A 2X4

For Sale 14 days on Market MLS® C12928650
Asking Price
$4,499,000
Oracle AI
Full Report →
Overview
Active
An exceptional opportunity to acquire a shovel-ready, fully approved development site for six freehold townhomes, each situated on its own separately deeded lot. This cleared site offers a seamless transition to construction, coming complete with architectural drawings and detailed renderings, effectively eliminating the delays of demolition and tenant relocation. The project benefits from four existing development credits due to previous structures on-site, allowing a builder to deliver six homes while paying development charges for only two units. The current plans feature spacious 2,000 sq. ft. layouts, with the flexible option to expand to 2,400 sq. ft. by optimizing garage space. The site holds significant untapped potential, with as-of-right zoning allowing for up to 24 dwelling units or higher depending on built form. The lot measures approximately 51.3 ft x 121 ft and is strategically located in a high-growth corridor, just a 10-minute walk from the upcoming Ontario Line Subway station and within close proximity to the Financial District, TMU, and the University of Toronto. Included are six individual PINs (238, 238A, 240 Berkley St & 239A, 239B, 241 Milan St) and a full architectural package for freehold townhomes featuring private backyards and garages.
Lot Size
0.1 acres
Type
Vacant Land

Property Details

Year BuiltNot Disclosed
CityToronto C08
Postal CodeM5A2X4
Lot Dimensions51.34 × 120.25 ft

Utilities & Services

Heat SourceWell
SewerSeptic Tank

Financial Information

List Price$4,499,000
Annual Taxes$14,489 (2025)
Days on Market14
MLS® C12928650 • Listed by PROPERTY.CA INC.
238 Berkeley Street, Toronto C08, ON M5A 2X4
Sat
11
Apr
Sun
12
Apr
Mon
13
Apr
Tue
14
Apr
Wed
15
Apr
Thu
16
Apr
Fri
17
Apr
Morning8am - 12pm
Afternoon12pm - 5pm
Evening5pm - 9pm
OR
WhatsApp Aman
(416) 845-2151
We're available today until 9 pm.
By submitting this form, you agree your information may be shared to provide the service requested.

Purchase Calculator

$4,499,000.00
$944,790.00

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

4.70%

🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer

💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost ⚙️
0
/month
Principal & interest
Home expenses
Other expenses
Rental income
  • Monthly Mortgage$0.00
  • Home Expenses$0.00
  • Other Expenses$0.00
  • Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00

Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
238 Berkeley Street, Toronto C08, ON M5A 2X4
Top 5% RE/MAX Ontario
AT
Aman Toor
RE/MAX Realty Specialists Inc.
Rural & Farm Property Expert
Available Now
Meet Your Agent

Aman Toor

Rural & Agricultural Property Specialist — RE/MAX

With over 10 years navigating Ontario's farm and acreage market, Aman brings real data, deep county knowledge, and no-nonsense negotiation to every deal. From 5-acre hobby farms to 500-acre agricultural estates — he's done it all across Dufferin, Simcoe, Grey, Caledon, and beyond.

10+
Years in Rural RE
500+
Properties Sold
98%
Client Satisfaction
🌾 Farm & Agriculture 🏡 Rural Estates 🌲 Vacant Land 🐴 Equestrian 📋 TRREB® Data