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238-40 Berkeley Street, Toronto, ON M5A 2X4

Toronto C08, ON, M5A 2X4 · Moss Park

Sq Ft
Vacant Land Type
C13435140 MLS#

About this property

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.

Property Details

Property Type Residential Freehold
Property Sub-Type Vacant Land
Annual Tax $14,489
Tax Year 2025

Lot & Land

Lot Size Units
Feet
Lot Depth
120.25
Lot Width
51.34

Financial & Tax

Tax Annual Amount
$14,489
Tax Year
2025
Possession Type
Flexible
Possession Details
Flexible

Room Details

Kitchens Total
0

Additional Details

Occupant Type
Vacant
Direction Faces
North
County Or Parish
Toronto
Cross Street
Parliament St / Dundas St E
Directions
Just South of Dundas St E, Just West of Parliament St
Special Designation
Unknown
Showing Requirements
See Brokerage Remarks

Location

238-40 Berkeley Street, Toronto, ON M5A 2X4, Toronto C08, ON, M5A 2X4

Listing courtesy of PROPERTY.CA INC.
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