One of Toronto’s most iconic historic buildings is to go on sale this week having been in the same ownership for half a century.
Jarvis House was built in 1914 for Jennie Brooke Jarvis, a descendant of Daniel Brooke, a prominent merchant who played a leading role in Toronto's early history.
The 1067 Yonge Street building in the Rosedale neighbourhood provides 12,500-square-foot of commercial retail/office space.
Avison Young has the listing with the owner choosing Gregory Lever, a Senior Associate in Avison Young's Toronto office, and David Horowitz, a Vice-President in the Toronto office, to handle the sale.
"We are proud to have earned the trust and confidence of the seller and to facilitate a property transaction with such historical significance," says Lever. “Our client chose a strong real estate partner that can deliver value while bringing local expertise and knowledge to the transaction process."
The Jarvis House was built in Georgian Revival style and is designated a category B heritage property and Horowitz is expecting a lot of interest.
"The commercial property market continues to deal with supply shortages, and there is an unquenchable demand for quality office space in Toronto," he says. "Canadian commercial real estate remains attractive to international investors who consider Canada a haven with a stable political climate, open borders and undervalued dollar, while also appealing to local investors. We believe this listing provides an unprecedented opportunity suited for owner-occupier use, possible development or a foreign end-user."
The property will be up for sale on Tuesday, October 23.