About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	C12928558
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	6,174 sq ft
Beds / Baths	0 bed · 0 bath
City	Regent Park / Cabbagetown / St. James Town
Postal Code	M5A 2X4
Province	ON
Listed Date	March 27, 2026
Days on Market	132
Price per Sq Ft	$729
Brokerage	PROPERTY.CA INC.