3
$3,874,000
238-40 Berkeley Street, Toronto, ON M5A 2X4
Moss Park · C08
6,173.64 sf
3 months on marketMLS® C13435150
Listing courtesy of PROPERTY.CA INC.
Moss Park · C08 · M5A 2X4
$3,874,000
3 months on market
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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$3,874,000
Moss Park · C08
Listing courtesy of PROPERTY.CA INC.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 75% of comparable vacant land listings in Moss Park are asking less.
Based on 8 comparable active vacant land listings in Moss Park. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $3,874,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of PROPERTY.CA INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.