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$ 2,950,000
Est. payment | /mo
5 Baths
6,377 SqFt
$ 2,950,000
Est. payment | /mo
5 Baths
6,377 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,377 sqft
Price per Sqft $462
Subdivision Kingsview Village-The Westway
MLS Listing ID W12226596
Annual Tax Amount $28,563
Tax Year 2025
Property Sub-Type Investment
Property Description
1982 Islington Ave. (AKA Briarcrest Manor) is an income-producing, value-add investor or occupier opportunity. A 9-unit building measuring 6,377 rentable square feet inclusive of 1,122 sf basement area. The property is currently home to 3 tenants including a daycare (inclusive of outdoor space), massage therapy, legal office and some vacancy. With short-term remaining, there is significant flexibility as it pertains to continued or modified use on site for an occupier or investor. Accessible via driveway off of Islington Ave, this private property is perfect for boutique office, boutique schools, daycare, restaurant, art gallery and many more potential uses. This property offers charm and history, originally built by Frank Ridley, one of Canada's foremost amateur archaeologists and a leading builder in Etobicoke in the 1930's. The property is recognized as heritage however not designated. The building sits on 1.533 acres of land, of which 0.9 acres are designated unusable ravine lands. The Seller makes no representations or warranties about what (if anything) can be developed, constructed, demolished or planted on this portion of the lot area and the Buyer shall make its own efforts to satisfy itself/themselves with appropriate ministries and municipalities on its own accord before or after closing.
Location
Province ON
County Toronto
Community Kingsview Village-The Westway
Area Toronto
Zoning CL (Commercial Limited)
Interior
Cooling Yes
Exterior
Utilities Available Available
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
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