238 Berkeley Street, Toronto C08, ON M5A 2X4

For Sale Added today MLS® C13008880
Asking Price
$4,249,000
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Overview
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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 36 (24 non micro) 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$4,249,000
Annual Taxes$14,489 (2025)
Days on Market0
MLS® C13008880 • Listed by PROPERTY.CA INC.
238 Berkeley Street, Toronto C08, ON M5A 2X4
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Property Location
238 Berkeley Street, Toronto C08, ON M5A 2X4
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