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A Signature Commercial/Residential Victorian On Avenue Road In Yorkville Village

A Signature Commercial/Residential Victorian On Avenue Road In Yorkville Village


Offered at: $3,858,888


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Every so often a unicorn of a live/work property comes to market that is so rare - and exceptional - that if you don't pay heed there's a good chance you'll be waiting a long time before another opportunity like it comes along. Like this signature commercial/residential heritage designated Victorian located on Avenue Road in Yorkville Village. Fusing the pedigree of historic architecture situated prominently in one of the City's most coveted locations, comprising a 4-level bespoke transformation with a desirable commercial/residential zoning, this stately edifice with its tony street presence is a personal and professional statement address not often available. In fact, only four commercial residential buildings on this most prestigious block of Avenue Road have sold on Toronto's Multiple Listing Service in the past decade. 

For the Buyer who demands quality building components, celebrates well-executed luxe design, and embraces the merits of a Triple-A location, this rebuilt 3-storey Victorian residence with storefront artfully marries the elegance of its restored facade with a resplendent interior containing all the modern conveniences. For those seeking a property surrounded by luxury, charm, and character - both inside the walls and beyond - this unique turn-key offering with the branding cachet of both Yorkville Village and Bloor Street's Mink Mile, is an unprecedented opportunity.

Welcome to 104 Avenue Road.

 

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A Triple-A Location In The Heart Of The City

If you see yourself living in Toronto's epicentre of luxe - with the everyday amenities of Yorkville chic, the retail paradise of Bloor Street's 'Mink Mile', the cultural engagement of Toronto's premier institutions, and the lifestyle benefit of easy connections to all points north, south, east and west - then this 'bright lights big city' location will surely tick your 'location, location location' box. Having both a walk score of 97 and a transit score of 96 - along with being superly bikeable for both commuting and recreation - you only have to step out your door to be in proximity to daily necessities, weekly sojourns and 'whenever you fancy' cultural and educational destinations! Seriously, within a one block radius you can cross the threshold of The Royal Ontario Museum, The Royal Conservatory of Music, The Gardiner Museum, The Bata Shoe Museum, and The Toronto Metropolitan Reference Library!

This property celebrates its AAA location in every sense of the word. Feel like dining out in style? You barely have to leave your own kitchen. Italian Bistro Ristorante Sotto Sotto is right up the street. One of our favourites is very close by; La Societe on Bloor Street West, where you can experience understated elegance, both with the décor and with the divine menu. We also love the 7 West Café, with a 24-hour menu and classic cozy café surroundings. Also nearby is Opus Restaurant, with its long wine list, private dining room and a tree-lined stone courtyard, perfect for your pre-dinner aperitif.  

You can brush up on your history and culture, as well as take part in a number of social events and lecture series at the Royal Ontario Museum located at the end of the block. Also within walking distance directly east is the Toronto Reference Library, where it is as worthwhile to visit to appreciate the architecture as it is to take advantage of their collection and programming. If you're running everyday errands, there's a pharmacy, liquor store, dry cleaner, confectionary and book store a hop, skip, and a jump away - along with the imminent arrival of Eatlay and one of the city's best cinema experiences at the Cineplex Odeon Varsity & VIP Cinemas in The Manulife Centre! Just two blocks north on Avenue Road are the city's best flower shops, and if you need a litre of milk - or all the ingredients for your culinary creation Whole Foods Market is located at the first crosswalk south of this property! You can eat healthily and be socially conscious at the same time.

 

Schools, Green Space & Easy Accessibility

Whether or not you require schools in your household, proximity to good schools is an excellent feature to help your home grow in value. 104 Avenue Road is well positioned in that regard. As for public schools, you are walking distance to Jesse Ketchum Junior and Senior Public School, which educates kids from JK all the way up to Grade 8. For high school, Jarvis CI is a historic school that has a reputation for academic excellence. There are also several stellar private schools nearby, including St. Michael’s College for boys (Gr. 7- 12) and Havergal College for girls (JK- Gr. 12) - both with sterling reputations. Travelling straight up Avenue Road, you’ll find the independent York School, with both Junior and Senior campuses, as well as Upper Canada College, a private school for boys that serves JK through Grade 12.

If you find solace relaxing and recharging in nature - or if you have a four-legged member in your family - less than a 10-minute stroll north is Ramsden Park, where its ravine setting includes an off-leash dog park, biking, and hiking trails, a tennis court and wading pool in the summer and an outdoor rink in the winter. Another option, located just east is expansive Jesse Ketchum Park that spreads out over 1.2 hectares of green space with a superb soccer field and a lush tree canopy. Or, if you're a people-watcher like I am, then grab a java and stroll to the Village of Yorkville Park located down the road and around the corner on Cumberland Street, where eleven distinct garden plots - most with seating - echoes the diversity of the Canadian landscape. It's one of my favourite parks in the City! Committed to evening strolls as part of your health and well-being movement regime? Just to the west of this property's doorstep are the leafy streets of The Annex - a neighbourhood home to celebrities, the cultural intelligentsia, fraternities and university students - characterized by its large merchant-class homes built in the late 19th century that were heavily influenced by prominent Toronto architect Edward James Lennox, who also designed some of the city’s most beloved buildings including Casa Loma, Old City Hall, and the King Edward Hotel. Want to integrate cardio into your fitness program by cycling? This property is just west of the amazing Don Valley park system - including Evergreen Brick Works - which holds endless potential for bikers and hikers alike!

Do you prefer a life with less reliance on an auto? For those who 'Take The Better Way', this centre-of-it-all location has easy access to multiple public transit stops. The speedy Avenue Road bus - with stops just steps south of the property - will whisk you north or south with regularity, while both the Bloor-Yonge Subway Station and the St George Subway Station - just two blocks east or west - will connect you to every subway station east, west, north, and south! For automobile commuters - or those escaping the city for the weekend -heading north on Avenue Road provides direct access to Highway 401, while heading south will bring you to the Gardiner Expressway. Alternatively, navigating Rosedale Valley Road just east of Yonge effortlessly winds to the Don Valley Parkway south onramp, while driving direct on Bloor Street East over the Bloor Viaduct links you north to the Don Valley Parkway. Fly Porter Airlines? Grab an Uber and get there lickety-split for about $15.

 

Architectural Pedigree & Exceptional Street Presence

Located on the west side of Avenue Road just north of Bloor Street West - nestled amongst a collection of Heritage Designated properties running from Elgin Avenue north to Davenport Road (in the East Annex Designated District Part V comprising 377 properties), it's not often a Triple-A location might compete for the spotlight, but this period home may very well take centre stage. Lovingly and tastefully restored and renovated to the craftsmanship standards of yesteryear in 2009, while incorporating quality contemporary building components and on-trend finishes and fittings, this impressive Victorian marries modern function with historic form. One only has to admire the ornate original details of the front facade of this Victorian Bay And Gable with its intricate brickwork, swooping spindle fretwork, unique recessed key arch entry, and circular stained glass transom to appreciate the owners' care in preserving the architectural pedigree of this statement building. As a lover of architecture, I applaud the owners' exemplary commitment to elevate this excellent example of late 1800s built-form by complementing the original facade with the intricate wrought iron gate, the elegant vintage exterior lighting, the stylized well-proportioned black and gold signage, and the natural stone landscaping. It's sensitive to the time and place of the structure and streetscape, it nods to the status of its merchant class past, and it respectfully announces its commercial prestige with unnecessary pomp and circumstance. To us the property presents as a treasured vintage leather-bound book, that hints of the experience that lies in wait.

 

The Commercial Main & Lower Level Space

From the exterior vestibule with its sophisticated arched ceiling that hints at what is to come, is the glass-door entry to the commercial space. For the buyer seeking to achieve the best of work/life balance, this spacious commercial/office space of around 1000 square feet - currently on lease by to Louro & Sons Jewellers (see sales prospectus for more details) - serves as a prestigious address well-suited to any business that would benefit from the cachet of a Yorkville Village brand. Sandwiched between an internationally-respected architect and a renown plastic surgeon - and in proximity to luxury home furnishing shoppes, purveyors of health and well-being, and casual to fine dining destinations - the property is zoned CR 1.5 (c1.0; r1.0) SS2 (x1923).

Comprising around 750 square feet on the first floor, the open plan retail space has undergone a number of tenant leasehold improvements including flooring, lighting, moldings and display cases. The tenant has also constructed a significant safe system to house their award-winning products. In addition to the first level, the tenant has access through the common hallway to their private lower level office and kitchenette, with use of a 2-piece powder room as well. The lease includes the use of one of the two underground parking spaces during business hours (8am-7pm), which is directly accessible from the lower level.

The Tenant is currently paying $4,080 per month Net, plus $2,403.07 in TMI. The rental sum increases 2% per year, and the current term of the Lease extends until September 30, 2019. Please contact the listing agent for further lease details. The tenant has invested significant capital in leasehold improvements.

Need more commercial/office space? To convert the existing upper level apartment into a commercial/office use will require a Committee of Adjustment application through the City of Toronto. A precedent was set by the architect next door, who converted the upper levels from residential to office. While the Sellers cannot warrant this, there should be no issue.

 

The Upper Luxury Residence

From the gracious foyer on street level, an elegant staircase rises to the second level which comprises a generous entertainment level. Well-executed with an intelligent space plan, quality fittings and finishes, and generous nine-foot ceilings, the expansive living room is utterly elegant, with sunlight flooding through its bay windows, marble floors, and a wood-burning fireplace with ornate ‘Louis XIV’ fireplace mantle. The gourmet kitchen features granite countertops, a painted glass backsplash, custom shaker cabinetry with clever extras (like a pull out spice rack and self-closing drawers), and top-notch stainless steel induction range and oven, along with a sizeable fridge and freezer. We love the breakfast area, wrapped in a bay window that overlooks the neighbouring vintage buildings and courtyard. The natural light is sublime. For convenience, you’ll also find a hidden-away stacked washer and dryer! Along with a powder room, there’s a separate formal dining room which can easily be converted into a third bedroom or home office.

Up the stairs with its breathtaking wrought-iron railing, the top floor is home to two private sanctuaries and a luxe spa washroom fitted with marble floors and an over-sized shower with full-length bench. Tucked under the eaves with east exposure, the larger of the two rooms is currently configured as a media room with wood floors, triple glazed windows, and access to a semi-ensuite. The rear bedroom is used as the master suite which is flooded with natural light, brought in by large sliding glass doors that lead outside to the sizeable rooftop terrace. The terrace - a dreamy private outdoor space that cocoons one from the hustle and bustle of urban life - includes a natural gas BBQ line, generous proportions for lounging, dining, and cooking, plus a hedge you’d never know is faux! Imagine waking up in the morning and stepping out in your pj’s to sip your coffee in seclusion and serenity, with the sun on your face, only steps from your bed.

Incidentally, from the front entry, a small hall currently converted into a closet connects to the building’s common area. The common area comprises the stairs to the lower level and a generous landing that accesses the commercial tenant’s office. It also links one to a utility room, two storage rooms (both assigned to the upper residence), and direct access to the two-car deeded parking spaces which are part of an underground garage that serves the condominium townhouse complex located behind the subject property, as well as several of the properties which front of Avenue Road. These two deeded parking spaces have a monthly common fee of around $312.89 each. Note, one of the parking is exclusive use 24/7/365, while the second space used by the commercial tenant is for use during business hours. There is a casual arrangement with the condominium property owners that allows ample additional parking for guests on weeknights and weekends, should the need arise.

Need more space? There is the possibility one can expand into the existing attic with city approvals, whereby adding a stair from the third-floor landing and some dormers could increase your interior space by nearly 200 square feet. In fact, one of the neighbours completed this recently.

 

On The Building's Comprehensive Renovations

Please refer to the Sales Prospectus located under the map link which can be downloaded for your review.

 

If your property priorities include luxury, location, versatility, and convenience - all artfully integrated into this timeless turn-key offering - then this incredible brand ambassador is for you!

Want to know more? Email steve@urbaneer.com for more info!

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