Welcome to this remarkable [] commercial retail located in the coveted neighborhood of Briar Hill-Belgravia. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,537,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Strategically located in Toronto's highly sought-after Castlefield Design & Décor District, this freestanding commercial asset presents a rare opportunity for both immediate income and significant future redevelopment upside. The property is situated within Prestige Employment (PE) zoning under Former City of York By-law 1-83, permitting a wide range of uses, while supporting intensification in line with employment corridor policies. The property has a proven planning history. A Committee of Adjustment approval authorized the construction of a two-storey addition over the existing structure, confirming the City's support for increased density and built form on this site. This precedent significantly strengthens the case for future vertical expansion or redevelopment. Surrounded by a rapidly evolving mixed-use employment node and benefitting from strong arterial exposure near Dufferin Street, the site offers long-term potential for: Vertical intensification (additional storeys, subject to approvals); Multi-tenant commercial conversion; Office/showroom repositioning; Assembly with neighbouring parcels for larger-scale redevelopment. The property is currently occupied by a tenant on a month-to-month basis, providing maximum flexibility for investors, end-users, or developers to reposition or redevelop in the near term. With ongoing transformation of the Castlefield corridor and increasing demand for creative office and design-oriented commercial space, this asset represents a compelling opportunity to capitalize on both income and future land value appreciation.
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Data-driven valuation for 1122 Castlefield Avenue, Toronto W04, ON M6B 1E9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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