Summerhill rental building with 17 units sells off-market

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Georgian-style building just off Yonge street sold quickly at full price

The 17 units range from studios to a two-storey owner’s suite.Agents James Warren and Alex Obradovich gave colleagues and clientele a few days notice that this Georgian-style building with a total of 17 apartments would hit the market in April. Three buyers previewed the property that sits less than 100 metres from Yonge Street, and one quickly signed off to pay the full list price.

“When we looked around, basically our [comparables] were fourplexes, so it’s hard to find a purpose-built building like that in central Toronto on such a premium street.”Andre Mckenzie/Andre McKenzie/SilverHouse “I think the building was built in the 1930s to house staff – like housemaids, etc … – for the grand homes in Rosedale,” Mr. Warren said.

 

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