Toronto Star writes about landmark cube in Toronto up for sale, finally

https://flic.kr/p/RQZJfa Flickr

 

So gald The Star wrote about this iconic building,

The end could be nigh for Toronto’s cube cluster landmark nestled just north of the Distillery District.

The curious three-cube structure standing on a pie shaped slice of real estate between Adelaide St. East and Eastern Ave. has been up for sale for months, but so far no one has snapped it up.

 

It’s unusual in a red-hot market where homes have been sold above asking price in days, but Arthur Crapopoulos, the sales representative for the property, is unconcerned.

“This is very new on the market and it’s not really on the market. It’s exclusive so not a lot of people know about it,” he said of the residential zoned property. “It’s being marketed to a select few investors. Not everybody can afford to develop a piece of land downtown.”

The listing price for the approximately 9,000 square feet property is under wraps, said Crapopoulos, but a property like this, located close to downtown and with great potential for future use, could be worth around $4 million and possibly higher.

full article here.

Comments are closed.