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$ 7,250,000
Est. payment /mo
Active
137 Jarvis ST Toronto C08, ON M5C 2H6
8,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $823
Subdivision Moss Park
MLS Listing ID C11999478
Annual Tax Amount $18,740
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime Hotel or Redevelopment Opportunity in Downtown Toronto137 Jarvis Street | 8,800 SF Building on 4,300 SF Lot | 33-Room HotelAn exceptional investment opportunity in the heart of downtown Toronto, 137 Jarvis Street offers a versatile and income-generating commercial asset with strong upside potential. Currently operating as a 33-room hotel and extended-stay residence, this 8,800 sq. ft. building sits on a 4,300 sq. ft. lot, providing both immediate revenue and long-term redevelopment value.Property Highlights:Premier downtown location near the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketHigh-traffic corridor with excellent urban exposure and access to vibrant retail, dining, and cultural amenitiesRooftop terrace with panoramic city viewsideal for future guest amenities or event spacePrivate service driveway with two parking spacesFlexible zoning supports a wide range of commercial uses, including:Hospitality and boutique hotelsStudent housing or co-living developmentsRetail or mixed-use commercial spacesInvestment & Redevelopment Potential:This property offers strong potential for repositioning, renovation, or complete redevelopment. It is particularly well-suited for transformation into a boutique hotel, student accommodations, or a mixed-use commercial hub, capitalizing on the areas continuous growth and demand for flexible downtown space.Financing Flexibility:A Vendor Take-Back (VTB) mortgage is available for qualified buyers (1236 months), offering added flexibility for acquisition and planning.A rare chance to secure a high-profile property in one of Torontos most energetic and evolving neighborhoodswith the location, layout, and zoning to support a broad range of visionary commercial or hospitality ventures.
Location
Province ON
County Toronto
Community Moss Park
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 131.89
Others
Security Features No
Listed by RE/MAX ALL-STARS REALTY INC.