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$ 7,250,000
Est. payment /mo
Active
137 JARVIS STREET Toronto (moss Park), ON M5C2H6
8,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $823
Subdivision Moss Park
MLS® Listing ID C11999478
Source Toronto Regional Real Estate Board
Property Description
Prime Hospitality & Redevelopment Opportunity in Downtown Toronto137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotAn exceptional opportunity to acquire a centrally located commercial asset in one of Torontos most rapidly evolving downtown corridors. 137 Jarvis Street spans 8,800 sq. ft. across four storeys and currently operates as a 33-room hotel and extended-stay residence, offering immediate income and long-term redevelopment upside.Positioned on a 4,300 sq. ft. lot, the property is surrounded by high-density residential, commercial, and institutional developments. Its just steps from Toronto Metropolitan University, Eaton Centre, St. Lawrence Market, and George Brown Collegemaking it an ideal site for hospitality, mixed-use, or residential concepts.Key Features & Investment Highlights:High-visibility downtown location with strong pedestrian and transit accessRooftop terrace with stunning skyline viewsideal for future amenity space or rooftop loungePrivate driveway with on-site parking for two vehiclesZoned CR, permitting flexible commercial uses including: Hotel, hostel, or short-term rental Student housing or co-living Retail, office, or mixed-use redevelopmentImmediate cash flow with operating hotel and extended-stay modelStrategic Redevelopment Potential:This is a rare opportunity to reposition the property as a boutique hotel, hospitality-residential hybrid, or urban mixed-use development. Its location within a rapidly intensifying downtown core supports both short-term income strategies and long-term value creation.Vendor Take-Back (VTB) Mortgage Available:A VTB mortgage (1236 months) is available to qualified buyersoffering added flexibility for acquisition, repositioning, or redevelopment.Own a high-performing, centrally located hospitality asset with development potential in one of Torontos most desirable and high-growth urban nodes. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX ALL-STARS REALTY INC.