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.
Address
238 Berkeley Street
List Price
$4,499,000
MLS® Status
New
Expiration Date
2026-08-26
Property Type
Residential Freehold
Type of Dwelling
Vacant Land
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Moss Park
Region
Toronto
Lot Depth
120.25
Lot Size Range (Acres)
Not Applicable
Lot Size Units
Feet
Lot Width
51.34
Parcel Number
210900463
Parcel of Tied Land
No
Occupant Type
Vacant
Cross Street
Parliament St / Dundas St E
MLS® Number
C12928650
Listing Brokerage
PROPERTY.CA INC.
| Royal Lepage Real Estate Associates
Postal Code
M5A 2X4
Posession Details
Flexible
Tax Amount
$14,488.55
Tax Year
2025
Cable
No
Central Vacuum
No
Hydro
Available
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Direction Faces
North
Garage
No
Tax Legal Description
Lots 57 and 58, Plan 160
Waterfront
No
Waterfront
None