238-40 Berkeley Street, Toronto, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Moss Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,874,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 51.34 x 120.25 ft lot size
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.
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Property Summary
This vacant land located at 238-40 Berkeley Street, Toronto is currently for sale and has been available on SousaSells for 56 days. This property is listed at $3,874,000 with an estimated mortgage of $12,895* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 238-40 Berkeley Street, Toronto is in the Moss Park neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Moss Park, Toronto.
- •Desirable Vacant Land architecture in Moss Park, Toronto
First-time home buyers, professionals, or investors seeking value.
Key Features
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Property Details
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Features
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Interior Features
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Frequently Asked Questions about 238-40 Berkeley Street, Toronto, ON
Q.What is the asking price for 238-40 Berkeley Street, Toronto, ON ?
The current listing price for 238-40 Berkeley Street, Toronto, ON in Moss Park, Toronto is $3,874,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 238-40 Berkeley Street, Toronto, ON ?
238-40 Berkeley Street, Toronto, ON is a Vacant Land () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Pricing & Value Insights
Data-driven valuation for 238-40 Berkeley Street, Toronto, ON M5A 2X4
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About Purchasing a Home in Toronto, ON
For a property listed at $3,874,000 in Toronto, the legal minimum down payment is $774,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $83,325 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $83,325 also applies, bringing the total estimated land transfer taxes to $166,650.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.