$6,500,000
137 Jarvis ST Toronto C08, ON M5C 2H6
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$6,500,000
Est. payment /mo
8,877 SqFt
UPDATED:
11/04/2024 06:19 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,877 sqft
Price per Sqft $732
MLS Listing ID C10406264
Annual Tax Amount $18,740
Tax Year 2024
Property Description
Strategically located in the heart of Toronto's vibrant downtown, 137 Jarvis Street presents an extraordinary value-add investment or end-user opportunity in one of the city's most dynamic neighbourhoods. This property, currently operating as a short-term and extended-stay residence, features 33 rooms across three stories. The accommodation mix includes suites with kitchenettes, private bathrooms, and rooms with shared kitchen common living spaces and bathrooms. The property features a rooftop terrace, providing a unique amenity and added potential and a private service driveway for two vehicles.137 Jarvis Street is well-suited for continued operations or transformation into other permitted uses, including hospitality, retail accommodation, or mixed-use redevelopment. Investors and operators will appreciate the significant potential to modernize and reposition the property into an urban boutique concepts including hotel, serviced residences, student housing or taking advantage of the site's excellent footprint and prime location. With limitless possibilities for growth and expansion, this property is an ideal acquisition for those looking to capitalize on Toronto's thriving downtown market.
Location
Province ON
County Toronto
Community Public Transit, Recreation/Community Centre
Area Church-Yonge Corridor
Interior
Heating Yes
Cooling Yes
Exterior
Garage Spaces 2.0
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Parking Type Lane
Others
Security Features No
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Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA
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