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.