467-469 Spadina Road (Spicecart, 4s, ?)

[UrbanAffair]

Sold for 7.5 mill to PS Spicecart Spadina Road Inc. as of March 25th, 2020. $1,250/sq ft. (Realnet)

 

[jje1000]

Would be nice to see the existing structure restored.

While it's fairly modest, Toronto is a bit short on these types of housing typologies (especially ones that don't have SUV-sized parking garages attached).

Interesting note- not sure if it's the same Spicecart, but it looks like their portfolio has some heritage restorations?

Properties – SpiceCart

livespicecart.com

 

[interchange42]

Would be nice to see the existing structure restored.

While it's fairly modest, Toronto is a bit short on these types of housing typologies (especially ones that don't have SUV-sized parking garages attached).

Interesting note- not sure if it's the same Spicecart, but it looks like their portfolio has some heritage restorations?

Properties – SpiceCart

livespicecart.com

There can't be that many Spicecarts buying properties in Toronto, so I think you can assume that they are intending to renovate and restore here based on the company's portfolio!

42

 

[ADRM]

Great, if accurate.

 

[junctionist]

It looks like it needs a grand Edwardian cornice, among other things.

 

[AlbertC]

Some good photos of the building on SpiceCart's website:

467-469 Spadina — SpiceCart

www.spicecartinvestments.com

 

[AlbertC]

 

[ookpik]

For sale again

 

[AlbertC]

Spicecart do have a dual strategy of either restoration to become an revenue generating asset, or hold onto properties for a while before flipping them later. Guess they did some calculations, and the numbers didn't work out for them to take this on themselves.

 

[DSC]

Update on this fiasco in Star:

Why a city rule means this former 17-unit Forest Hill apartment building can’t be used as an apartment building

A developer wanted to restore the hundred-year-old apartment building but Toronto Building says that’s no longer a permitted use.

www.thestar.com

 

[Northern Light]

No substantive news...........except to say Spicecart is still lobbying the City on this property; to what end, I do not know.

 

[Paclo]

 

[AlbertC]

This fallen beauty continues to languish...

 

[AlbertC]

Fwiw, this is shown on Architectural Instinct's website and listed as "in progress":

Spadina Unit Conversion | AI

www.architecturalinstinct.com

 

[Northern Light]

Fwiw, this is shown on Architectural Instinct's website and listed as "in progress":

Spadina Unit Conversion | AI

www.architecturalinstinct.com

View attachment 588662

The balcony panels are a hard no. No messing w/the heritage look here.