A storefront topped by an apartment offers an attractive live/work option for the budding entrepreneur. But TTC access, the neighbourhood’s cool factor, and the building’s design will impact the property’s price—and your business plan.
Asking price: $799,000
The draw: Christie Pits to the east promises good foot traffic, and the coveted north side of the street draws decent sunlight and has great subway access. The three-bedroom apartment upstairs has a big balcony facing Bloor.
The catch: The retail space on the main floor was most recently a wing joint, so if that’s not what you want to open, plan to undergo a substantial renovation. There’s also no parking.
858 Bloor St. W., #CHP
Asking price: $749,000 + $129,000
The draw: This is a high-traffic zone, potentially attracting clientele from both north and south of Danforth Avenue. The two-bedroom apartment above has laminate flooring, but no outdoor space.
The catch: Only wannabe pizza makers need apply: This building is specifically for sale to someone willing to shell out an additional $129,000 to buy the 1,800-square-foot Danforth Pizza House on the main floor.
920 Danforth Ave., #DAN
Asking price: $549,900
The draw: A less trendy neighbourhood means a more reasonable price. There’s a backyard, a rear entrance, and an unfinished basement outfitted with a two-piece bathroom.
The catch: Both the store and the one-bedroom apartment upstairs are less than 12 feet wide. The strip’s lack of hipness and mediocre TTC access add up to a serious retail challenge.
1259A St. Clair Ave. W., #COR
Asking price: $499,000
The draw: A 1,000-square-foot apartment and a decent-sized backyard help make the building livable during the hours you’re not staffing the shop. Plus, the price is practically half of what it costs to get into Parkdale these days.
The catch: Dupont and Dovercourt is an untested location—although the surrounding area has plenty of potential customers. The attached apartment is a sea of broadloom carpet and ugly tiles.
984 Dovercourt Rd., #BCT