Prime Downtown Toronto Hotel Opportunity 137 Jarvis StreetAn exceptional opportunity for investors or end-users to acquire a versatile commercial asset in the heart of downtown Toronto. Situated on a 4,300 sq. ft. lot, this 8,800 sq. ft. building is currently operating as a hotel and extended-stay residence with 33 rooms, offering immediate income potential and long-term redevelopment value.Property Highlights:Unbeatable downtown location near the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketHigh foot traffic area with strong urban visibility and vibrant surrounding amenitiesRooftop terrace with panoramic skyline views ideal for future guest or event usePrivate service driveway with parking for two vehiclesFlexible zoning permits a variety of commercial uses, including hospitality, retail, accommodation, or mixed-use developmentWith strong potential for repositioning or redevelopment, this property is well-suited for conversion to a boutique hotel, student housing, or mixed-use commercial and retail hub.A Vendor Take-Back (VTB) mortgage is available (12-36 months), adding financing flexibility for the right buyer. A high-profile property in one of Torontos most energetic and evolving downtown neighborhoods. with the location, layout, and zoning to support a wide range of future possibilities. (id:51532)
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