Asking: $1,695,000.00
THE BUILDING Originally built as a mixed-use Commercial/Residential building, 208 Greenwood is presently used (and taxed!)exclusively residentially but retains its mixed-use zoning allowing for offices, services or retail uses. The building comprised 2,451 sq. ft. including the basement plus a secluded second floor deck overlooking Greenwood Park. Over the past decade the current owners have built a 2 storey rear addition, and updated from ‘the bricks up’ including mechanical systems and added tasteful finishes. There is a rear yard accessed through a roll up door with Somfy controller that has been used for parking.
OCCUPANCY 208 Greenwood Ave. is currently configured as 3 residential apartments leased on a month to month basis. The main floor front is combined with the front finished basement section creating a large 1 bedroom apartment, featuring an exposed brick wall and sliding doors to a rear office/den or second bedroom . The rear main floor apartment could easily be combined with the front unit and features an efficient layout with separate bedroom. The Second floor unit is beautifully finished with a large open space extending over 25’ in the rear addition of the building with lofty ceilings and walk out to a large secluded deck overlooking Greenwood Park. This apartment also features 2 skylights,
AREA SUMMARY The property is situated just south of Gerrard St E. and extends along the north border of Greenwood Park in the Bricktowne area of Toronto just East of Leslieville. The area has experienced substantial gentrification in recent years which is evidenced by the numerous condo and townhouse developments that have recently been built in the immediate area. The property is easy commuting distance to downtown by car, bike or public transportation with line 2 of the subway system along the Danforth and the 501 streetcar along Queen W both less than a kilometer away. The property is adjacent to Greenwood Park, one of the largest green spaces in the area. The park has recently gone through a major remodeling.
Size:
- Lot: 16.67′ x 117.71
- Building: 4,073 sq. ft.
- Income and Expenses available upon request.
Additional Resources:
Propery Map:
