Jarvis & Richmond Prime Downtown Toronto Hospitality & Redevelopment Opportunity137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotA rare opportunity to acquire a high-profile commercial property in the heart of downtown Toronto. Situated on a 4,300 sq. ft. lot, this 8,800 sq. ft. building currently operates as a 33-room hotel and extended-stay residence, providing immediate cash flow and exceptional long-term redevelopment potential.Investment Highlights:Prime downtown location, steps from the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketLocated in a high foot-traffic corridor with excellent visibility and strong surrounding amenitiesRooftop terrace with panoramic city skyline viewsideal for future guest amenities or rooftop loungePrivate driveway with on-site parking for two vehiclesZoned for a variety of commercial uses, including:Hotel and short-term accommodationsStudent housing or co-living spacesRetail, office, or mixed-use redevelopmentEndless Potential for Repositioning:Whether youre envisioning a boutique hotel, a hospitality-residential hybrid, or a vibrant mixed-use development, this property offers the location, layout, and zoning flexibility to bring your vision to life. The surrounding areas cultural landmarks, transit accessibility, and ongoing intensification make this a strategic long-term hold or redevelopment play.Added Value with Vendor Take-Back Mortgage:A Vendor Take-Back (VTB) mortgage is available for qualified buyers (1236 months), offering added financing flexibility to support acquisition or repositioning plans.137 Jarvis Street is a strategic acquisition in one of Torontos most dynamic and evolving urban neighborhoods, offering both immediate returns and limitless potential for the future. (id:27476)
