$1,750,000 - 238A Berkeley Street, Cabbagetown
Land for Sale in Cabbagetown
New — Listed 6 days agoNeighbourhood: Moss Park
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- MLS Number
- C13849588
- Property Type
- Land
- Status
- active
- Days on Site
- 6
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,122 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 3,122 sqft
- Taxes (2026)
- $9,921
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
PRIZE INFILL SITE - APPROVED RESIDENTIAL DEVELOPMENT LAND - THREE 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 3,122 SF approx. for the 3-lot parcel. APPROVED BUILT FORM: Construction of three (3) modern, 4-storey townhouse units featuring integral garages and private driveways.-3 Units fronting Berkeley Street (238A - 238B - 240 Berkeley)-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 approx each of 3 lots ZONING 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.
Estimate your monthly payments for this property
Estimated Payment
$7,740.84/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Moss Park
Moss Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Moss Park
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Moss Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
238A Berkeley Street, Regent Park / Cabbagetown / St. James Town
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Cabbagetown planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Just Listed — Land Takes Time
This parcel just came to market. Unlike homes, land transactions rarely have the same urgency — buyers need time for due diligence: surveys, environmental reports, and planning consultations. Don't let "just listed" pressure you into skipping proper diligence.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Cabbagetown's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.