238-240 Berkeley Street, Toronto C08
$3,500,000
238-240 Berkeley Street, Toronto C08
Total Monthly Obligation $16,144
No agent assigned
PRIZE INFILL SITE - APPROVED RESIDENTIAL DEVELOPMENT LAND - SIX LOT PARCEL FOR SALE:A low risk "prize site" with clear entitlements and execution certainty. Located in the dynamic Moss Park neighbourhood of downtown Toronto. The Subject Site is currently vacant and located between Dundas St. to the north and Shuter St. to the south.THE APPROVAL: Allows the severance and reconfiguration of the two existing through lots into six individual lots, (3-lots fronting Berkeley, 3-lots fronting Milan) each improved with a 4-storey townhouse with integral garage and private driveway. Planning work completed by WND Associates and Craig Race Architecture.SITE METRICS: Two contiguous, generally rectangular through-lots spanning from Berkeley Street to Milan Street, with a combined total lot area of 6,244 SF approx. for the 6-lot parcel. APPROVED BUILT FORM: Construction of six (6) modern, 4-storey townhouse units featuring integral garages and private driveways.-3 Units fronting Berkeley Street (238A - 238B - 240 Berkeley)-3 Units fronting Milan Street (239A - 239B - 241 Milan)-Individual Lot Areas: Range from 1,017 to 1,072 sq ft-Unit Sizes: Range from 1,895 to 2,007 sq ft GFA approx.-Lot Frontage: 17 ft approxZONING COMPLIANCE: Compliant with maximum height provisions 41 ft./4 storeys with structured minor variances in place for parameters such as density, setbacks, and lot dimensions to mirror successful, recent neighbourhood precedents. EXEMPT FROM SITE PLAN CONTROL & PLAN OF SUBDIVISION: Thanks to provincial legislative thresholds exempting residential projects with 10 or fewer units, the development bypasses traditional, time-consuming Site Plan Control, drastically shortening the timeline to building permit issuance.
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