ON > Toronto C08
Toronto C08, ON M5C 2H6,137 Jarvis ST
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Toronto C08, ON M5C 2H6,137 Jarvis ST
Toronto C08, ON M5C 2H6,137 Jarvis ST
Toronto C08, ON M5C 2H6,137 Jarvis ST
Toronto C08, ON M5C 2H6,137 Jarvis ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 6,500,000
Est. payment /mo
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137 Jarvis ST Toronto C08, ON M5C 2H6

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 Church-Yonge Corridor

Area Toronto

Region Church-Yonge Corridor

City Region Church-Yonge Corridor

Interior

Heating Yes

Cooling Yes

Exterior

Garage Spaces 2.0

Community Features Public Transit, Recreation/Community Centre

Utilities Available Yes

Others

Security Features No

Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA
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137 Jarvis ST