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1982 Islington Ave 6,377 SF 61% Leased Office Building Toronto, ON M9P 3N5 $2,950,000 CAD ($462.60 CAD/SF)

Investment Highlights
- The property is currently listed as a heritage building although it is not designated as such.
- The entrance sculptures and the four totem poles in the basement were hand carved by A.H. Packer, who was Frank Ridley’s father-in-law.
Executive Summary
Welcome 1982 Islington Avenue, also commonly referred to as Briarcrest Manor. The building was originally designed for a single occupier, and is now home to three tenants that share common entrance to the building. This boutique commercial property and beautiful lands come with a rich history and significant charm. This 6,377 SF building (inclusive of 1,122 walk-out basement) is situated on 1.55 acres of which 0.9 acres are protected ravine lands and not developable without further application and municipal/ministry approval. The property is currently tenanted by a children’s daycare (3,146 SF), a legal office (500 SF) and a massage therapist (292 SF), all on month to month or short-term leases and there is approximately 2,500 SF of vacant space available for immediate occupancy. The property is zoned CL (Limited Commercial) and allows for a wide range of uses.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,377 SF
Building Class
C
Year Built
1936
Price
$2,950,000 CAD
Price Per SF
$462.60 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,189 SF
Building FAR
0.09
Lot Size
1.55 AC
Zoning
CL - 320-9B of Zoning By-Law, no building or structure shall be erected, structurally altered, enlarged or maintained to exceed fourteen meters in height
Parking
13 Spaces (2.04 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 2,500 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,500 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (72)
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1982 Islington Ave
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