Office Space: $3.25 million for two semi-detached homes revamped into one stately office building
Office Space: $3.25 million for two semi-detached homes revamped into one stately office building
ADDRESS: 49-51 Gloucester Street
NEIGHBOURHOOD: Church-Yonge Corridor
AGENT: Matthew Johnson, Colliers International
PRICE: $3,250,000
THE PLACE: Think of this as an incognito office: residential on the outside, but all business on the inside. The building dates back to the 1880s, and was converted into office space in the 1970s. The first two floors have eight rooms each (plus kitchens and bathrooms), while the third floor has six, plus a rooftop patio with a south-facing view of the neighbourhood.
THE STORY: Originally built as two semi-detached homes—and used that way for nearly a hundred years—the owner had to figure out how to bring together the two halves to create a unified whole. During the revamp, workers installed arched openings in the brick wall that originally separated the semis, and added in an atrium with skylights to brighten up both sides.
THE IDEAL TENANT: We think the gravitas of a solid, century-old building would fit a no-nonsense, numbers-based business—the current occupant is a chartered accountancy, and boutique investment firms have already shown interest in the space.
THE DETAILS:
• $3,250,000
• 6,500 square feet
• $45,887.89 in commercial property taxes (2011)
• 270-square feet of terrace space
• 11-foot high ceilings
• 6 parking spaces
• 3 floors
• 2 former semi-detached homes
• 1 rooftop patio
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- The 270-square-foot deck faces south, providing views over the neighbourhood
- 49-51 Gloucester Street
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- No stalls here
- 49-51 Gloucester Street
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- The second of the two kitchens has a dishwasher and a mini-microwave
- 49-51 Gloucester Street
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- One of the building’s two kitchens
- 49-51 Gloucester Street
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- Side-by-side workstations and a mountain of paperwork
- 49-51 Gloucester Street
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- The boardroom is unadorned—to keep minds on the task at hand?
- 49-51 Gloucester Street
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- A massive office with room for a comfortable couch for a mid-afternoon break
- 49-51 Gloucester Street
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- Several desks (and a pretty ancient-looking computer) occupy a larger work area
- 49-51 Gloucester Street
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- A second office. Pot lighting in the ceiling is decidedly modern, in contrast to the building’s nineteenth-century bones
- 49-51 Gloucester Street
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- One of the private offices contains bay windows and a bricked-up fireplace
- 49-51 Gloucester Street
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- The arches yield some unique-looking workstations
- 49-51 Gloucester Street
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- The building could be easily divided into three separate, full-floor units
- 49-51 Gloucester Street
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- The exposed brick throughout the space is all original
- 49-51 Gloucester Street
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- The wall sconces blend in, ceding centre stage to the architecture
- 49-51 Gloucester Street
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- The arches were put in in the 1970s to link the two halves of the building
- 49-51 Gloucester Street
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- There is room for at least six vehicles to park behind the building
- 49-51 Gloucester Street
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- The double doorways are left over from the building’s previous life as two semi-detached homes
- 49-51 Gloucester Street
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- The slate tiles, bricks and beams all date back to the nineteenth century, but the roof is new
- 49-51 Gloucester Street
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- The building, built in the 1880s, has retained its heritage grandeur
- 49-51 Gloucester Street
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, while the third floor has six, plus a rooftop patio with a south-facing view of the neighbourhood.
THE STORY: Originally built as two semi-detached homes—and used that way for nearly a hundred years—the owner had to figure out how to bring together the two halves to create a unified whole. During the revamp, workers installed arched openings in the brick wall that originally separated the semis, and added in an atrium with skylights to brighten up both sides.
THE IDEAL TENANT: We think the gravitas of a solid, century-old building would fit a no-nonsense, numbers-based business—the current occupant is a chartered accountancy, and boutique investment firms have already shown interest in the space.
THE DETAILS:
• $3,250,000
• 6,500 square feet
• $45,887.89 in commercial property taxes (2011)
• 270-square feet of terrace space
• 11-foot high ceilings
• 6 parking spaces
• 3 floors
• 2 former semi-detached homes
• 1 rooftop patio
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