238 Berkeley Street, Toronto C08, ON M5A 2X4, Toronto C08, ON
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.
Property Highlights
For Sale
MLS NO.
C12928650
Type
Residential Freehold
Sub Type
Vacant Land
Complete Property Details
Property Type
Residential Freehold
Sub Type
Vacant Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12928650
Total Bedrooms
0
Total Bathrooms
0
Total Kitchens
0
Central Vacuum Yn
No
Lot Width
51.34
Garage
No
Direction Facing
North
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
238 Berkeley Street, Toronto C08, ON M5A 2X4
City
Toronto C08
Neighbourhood
Moss Park
County / Region
Toronto
Province / State
ON
Postal Code
M5A 2X4
Cross Street
Parliament St / Dundas St E
Directions
Just South of Dundas St E, Just West of Parliament St
Country
CA
List Price
$4,499,000
Annual Taxes
$14,489
Tax Year
2025
Legal Description
Lots 57 and 58, Plan 160
Possession Type
Flexible
Possession Details
Flexible
Listing Office
PROPERTY.CA INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-27T15:07:17Z
Media Updated
2026-03-27T15:07:17Z
Photos Updated
2026-03-27T15:07:17Z
Last Modified
2026-03-27T20:51:25Z
System Modified
2026-03-27T20:51:25.591676Z
MLS Status
New
Co List Office Name
Royal Lepage Real Estate Associates
Ddfyn
Yes
Expiration Date
2026-08-26
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
210900463
Public Remarks
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.
