Wed. Jul 6th, 2022

A popular neighborhood on The Danforth for over 30 years is on its way out as part of a stretch of buildings that have been put up for sale.

The block just southwest of Donland’s subway station is home to a group of buildings, including a trio of affiliates at 962-974 Danforth Avenue and adjacent properties to the east and west.

The group of buildings are known for their colorful exteriors and two affiliated establishments – the popular bar The Only Cafe and the adjacent coffee shop The One in the Only – both celebrated by locals for their cool atmosphere.

Upstairs, The Only Backpackers Inn serves international travelers, a business model that has not fared well through the shutdowns of 2020 and 2021.

Locals may be surprised to learn that even with two of the companies booming, the buildings were recently put up for sale at a cost of $ 6.7 million.

Royal LePage sales representative Jim Turnbull, who represents the owner’s list, tells blogTO that the owner is “doing very well.”

with cafe toronto

The Only Cafe is a fixture near Danforth and Donlands.

While business is back to normal at street level, the hotel above is still struggling, Turnbull says that “obviously during C * V * D his business was affected because he does not take people in Toronto looking for short term rentals.”

As for the future of the company, Turnbull tells us that the owner “just wants to do something different with his life. He has been in this business for a long time.”

blogTO contacted the owner in hopes of a more detailed explanation, as no closures have been officially announced, although we have not yet received a response.

Mid-rise developments have emerged in increasing numbers along Danforth, with an eight-storey apartment proposed just steps east of the properties for sale.

While these properties may end up in the hands of new owners who want to maintain business on the site, it is just as likely that this may be an early sign of a larger building on the horizon.

When asked about the prospects for future redevelopment, Turnbull said that “it is a good opportunity [that developers could assemble this and surrounding properties for development] We have had a mix of offers, including a number of developers. “

While that would change the feel of this stretch of The Danforth, Turnbull is excited about the country’s potential and says that when combined with adjoining property, developers can “get about 145 feet of facade on Danforth, backing up Donlands metro.”

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