Description

A rare opportunity to own Briarcrest Manor, a property offering charm, flexibility, and exceptional potential in the heart of Etobicoke. Situated on a private 1.533 acre lot with mature surroundings, is an improved building area of 6377 sf over two floors with partial basement. A compelling value add investment or owner occupier opportunity. Current Tenants include a daycare with outdoor play area, a massage therapy clinic, and a legal office with approximately 2,440 sf of vacancy. The Leases in pace are short-term providing excellent adaptability for future uses if desired. In place zoning allows for a variety of commercial uses as of right, including professional offices, boutique schools, daycare/childcare, medical/wellness, creative studios, restaurant/cafe, gallery and more. The property offers a tranquil setting combined with excellent access off of Islington Ave, just south of Dixon. Originally build in the 1930's by Frank Ridley, one of Canada's foremost amateur archaeologists and a notable Etobicoke builder, Briarcrest Manor showcases timeless architectural character. The property is recognized as heritage (non designated), preserving its historic significance while allowing operational flexibility. The expansive lot includes 0.9 acres of protected ravine lands, designated as unusable for future development or alteration. The Seller makes no representations or warranties regarding the potential for development, construction, demolition, or planting on this ravine portion. With combination of income stability, short term lease flexibility 1982 Islington Ave. is a standout opportunity for investors or occupiers.