238-240 Berkeley Street, Toronto (Moss Park), Ontario, M5A4C3
$3,500,000
Toronto
This lot in Toronto is for sale offering roughly 6,244 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 62 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 62 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This vacant land in Toronto (Moss Park) has been listed for 34 days, which is 28 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,500,000, about 49.3× the local median household income of $71,000.
Carrying it typically needs a household income of about $683,673 (20% down, 25-yr amortization, stress-tested) — roughly 863% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5A)
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