238 Berkeley Street , Toronto (Moss Park), ON M5A2X4
Toronto (Moss Park), ON M5A2X4
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:13843)
Details
| MLS# | C9510235 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 80 |
| Listing Provided By | KELLER WILLIAMS REFERRED URBAN REALTY | KENNETH YIM |
Features
| SQ Feet | 6,173 |
|---|---|
| Zoning | Residential |
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Learn More About This Property
| State | ON |
|---|---|
| City | Toronto (Moss Park) |
| Zip Code | M5A2X4 |
| Listing VS Median (in M5A2X4) | |
Price: $5,250,000 low | high Med: $5,250,000 SqFt: 6,173 low | high Med: 6,173 $ / SqFt: $850 low | high Med: $850 On Site: 80 low | high Med: 80.000000 | |