Historic Gibson School Planned as a Residential Conversion

On behalf of GlassRatner Inc. as Court-Appointed Receiver and not in its personal capacity, CBRE’s Land Services Group is pleased to offer for sale the Gibson School, a unique residential conversion project located at 601 Barton Street East, Hamilton.  The Gibson School is a historic building with the main structure being constructed in 1914. The building spans 37,100 sq. ft. with a basement of an additional 15,900 sq. ft. on 1.22 acres of land. The site is being converted into 47 loft-style units, ranging in size from 500 to 1,400 sq. ft.

Construction within the building has begun, with work including the removal of interior fixtures, installation of new windows, and interior framing. The project offers a rare opportunity for a buyer to take over the conversion project or pivot towards alternative uses for the property.

Investment Highlights

• The Site occupies two prominent corners along Barton Street East, providing exceptional exposure. This enhances the Property’s frontage with a combined total of approximately 677 ft. along Barton Street East, Gibson Avenue, and Birch Avenue.

• Built in 1914, the Gibson School was designated as a Property of Cultural Heritage Value in 2016. The school serves as a landmark building within the Gibson community having been around for over 100 years and operating as a school until 2009.

• Construction within the school has commenced with the original brick walls being exposed, new windows installed and interior framing in progress. The original drop-ceilings and vinyl floors were removed to expose original flooring and ceiling heights ranging from 11 to 16 ft. throughout the building.

• The Project has reached a stage where all interior fixturing has been removed. This allows a purchaser to proceed with the originally planned conversion project or pivot towards an alternative use. 

Click to View Brochure & CA: https://online.flippingbook.com/view/638224783/

MLS: X12596936 & X12596920

Offer Submission Date to be Announced

Contact the Advisors:

Mike Czestochowski +1 416 495 6257 | [email protected]

Lauren White +1 416 495 6223 | [email protected]

Evan Stewart + 416 495 6205 | [email protected]

Emelie Rowe +1 416 495 6306 | [email protected]

Nicholas Webster + 1416 495 6271 | [email protected]