The Flatiron Building, a triangular red-brick office building at the corner of Front, Wellington and Church Streets, went on the market on 1st week of October 2011.
Ms. Eve Lewis, president and CEO of Woodcliffe Landmark Properties, said her company is selling the building now because it’s the first time in about a century that the entire office component is available at once.
The pub Flatiron and Firkin, located at the building’s base, has a lease that will keep it in the location until the end of 2015, but the law firm that has occupied the Flatiron’s office space for the last 15 years is leaving.
The building, also known as the Gooderham Building, was constructed in 1892 for George Gooderham, former president of the Bank of Toronto and owner of Gooderham and Worts distillery. It’s five storeys tall and nearly 20,000 square feet, and is designed in Romanesque and Gothic revival style.
A giant trompe l’oeil mural on the back wall of the building, facing Berczy Park, mixes painted windows with the building’s real office panes, and is one of the city’s most unique and flamboyant outdoor works of art.
Mr. Oberman, a well-known heritage developer, bought the Flatiron Building in 2005, and worked to restore it.
Ms. Lewis said there’s no asking price on the Flatiron Building. “I suppose it’s definitely possible it could sell for $15- to $20-million, for sure, maybe even more,” she said.
The building sold in 1999 for $2.2 million, according to property records. Woodcliffe purchased it for $10.1 million in 2005.
Bids for the building are due to Brookfield by Oct. 27.