Why The Winchester Hotel Is Up For Sale

Developer John Bernardo spent the last decade and $2.5M restoring the old Winchester Hotel building on Parliament Street. It’s been a long slog, and now it's on the block. (People haven't been this excited for a Victorian beauty since Mia Wasikowska played Jane Eyre.)

John (whom we snapped at the site with his broker, CBRE’s Barbara Bardos) bought the building in 2005. With help from Stanford Downey Architects, he painstakingly restored the front facade, original windows and doorways. John drew up plans to redevelop the residential space at the back of the building, where the hotel used to be, adding about 25 new units to the existing 17 rental apartments, but says he decided not to seek a permit in the end. “I figured I’ll give it to whoever buys the building as upside.”

The ground-floor retail was redeveloped, too, with a 3.1k SF space at the corner of Winchester and Parliament—previously a pub—becoming home to what John says is Canada’s first-ever heritage-style Tim Hortons, complete with replica tin ceilings: “We asked them to do heritage and it cost them an arm and a leg.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Developer Pitches Massive Hospitality, Makerspace District South Of Austin

Towers On The Edge: How Austin Is Redefining Vertical Density At The Waterfront

Rabobank-Backed BPD Fund Acquires 245 Rental Units In Europe's Largest Timber Housing Project

CBRE IM Acquires Planned 100-Home Amsterdam Scheme For NN Group

Next Phase Of Amsterdamse Poort Redevelopment Kicks Off

Plano Voters To Decide On New Taxes Tied To Dallas Stars' $3B Sports And Entertainment District

Battersea Power Station Lands £280M Refinancing For Final Phases

'Very Desirable Market': Investment Surges Across Houston's Westchase District

Grafton Place Scheme Comes To Market Again, Guiding At €250M

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Austin's Office Slump Is Fueling Mixed‑Use Projects