137 Jarvis Street Toronto, Ontario M5C 2H6

$7,250,000

Prime Downtown Toronto Hospitality & Redevelopment Opportunity137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotAn exceptional opportunity to acquire a prominently located commercial asset 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, offering immediate income and significant long-term redevelopment potential.Key Investment Highlights:Coveted downtown location, steps to the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketLocated in a high-exposure corridor with strong foot traffic and surrounding amenitiesRooftop terrace with sweeping skyline views ideal for future guest amenities or a rooftop loungePrivate driveway with on-site parking for two vehiclesZoned for flexible commercial uses, including:Hotel or short-term accommodationsStudent housing or co-living conceptsRetail, office, or mixed-use redevelopmentStrategic Redevelopment Flexibility:Perfect for repositioning as a boutique hotel, hospitality-residential hybrid, or vibrant mixed-use project. With strong transit access, cultural landmarks nearby, and ongoing downtown intensification, this site offers both short-term cash flow and long-term value creation.Vendor Take-Back Mortgage Available:A Vendor Take-Back (VTB) mortgage is available to qualified buyers (12 to 36 months), providing financing flexibility for acquisition or repositioning strategies.137 Jarvis Street offers a rare chance to own a high-performing, centrally located hospitality asset with development potential in one of Torontos most rapidly evolving urban nodes. (id:50886)

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https://www.realtor.ca/real-estate/27977949/137-jarvis-street-toronto-moss-park-moss-park