DANFORTH AND WOODBINE
1849 Danforth Ave., Toronto
ASKING PRICE $529,000
SELLING PRICE $510,000
PREVIOUS SELLING PRICE $325,000 (1987)
TAXES $600 (2012)
DAYS ON THE MARKET 51
CO-OP AGENT Anil Khera, Royal LePage West Realty Group Ltd.
THE ACTION: Agent Anil Khera’s clients were looking for a live/work property for an arts-based endeavor. After investigating several Toronto neighbourhoods, they made an offer on this mixed-use building at a visible corner on Danforth Avenue, between two subway stations.
WHAT THEY GOT: The roof and furnace were replaced in this century-old structure that contains 2,600-square-feet of space divided between the first and second floors, plus a basement and two-car parking at the back of the 19-by 100-foot lot.
A community church previously operated out of the commercial unit, which has a main floor space with 10.5-foot tin ceilings and lower level kitchen facilities, meeting room and his and her bathrooms.
The floor above has a three-bedroom and one-bathroom apartment with original wood floors and skylights.
THE AGENT’S TAKE: “There are a lot of storefronts that are quite small – some 600, 700 or 800 square feet – but this one was considerably larger,” says Mr. Khera.
“Upstairs, you often get either something that’s been split up in two or three apartments or it may only be a one or two bedroom apartment above. This one happens to be three bedrooms.”
The buyer also felt the location was ideal for their business, especially as their first visit coincided with the Art of the Danforth festival. “It’s a great up-and-coming area that’s very vibrant,” Mr. Khera adds. “And there’s a fairly decent art scene in the area, as well.”
Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.