Kathleen Taylor - Coldwell Banker Momentum Logo
$3,874,000
 $20,796 est/mo Sourced by Back At You

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

Toronto C08, ON M5A 2X4

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Description

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.

Details

MLS #C13435140
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Year0
Days On Site74
Listing Provided ByPROPERTY.CA INC. | C13435140 223906

Features

Acreage0.14
Water FrontNone

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount14488.55
Tax Legal DescriptionLots 57 and 58, Plan 160
Tax Year2025

Area Information

ProvinceON
RegionToronto
CityToronto C08
Postal CodeM5A 2X4
AreaMoss Park
Listing VS Median (in M5A 2X4)
Price:
$3,874,000
low | high
Med:
$3,874,000
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Kathleen Taylor

Kathleen Taylor

Momentum Realty

Sales Representative (905) 246-1836kathleentaylorrealtor@gmail.com
ProvinceON
RegionToronto
CityToronto C08
Postal CodeM5A 2X4
AreaMoss Park
Listing VS Median (in M5A 2X4)
Price:
$3,874,000
low | high
Med:
$3,874,000
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You
Listing Updated: July 29, 2026 at 11:47:07 AM PDT

Kathleen Taylor - Coldwell Banker Momentum