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. (id:47421)
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Detailed Information
Lot
33 x 131.25 ft
Amenities Nearby
Public Transit, Recreation
Listing Contract Date
2024-11-04
Location Description
Jarvis + Richmond
# of Parking Spaces
2
Property Type
Business
Transaction Type
For sale
Zoning Description
Cr Ss1 (X339)
Building
Cooling Type
Fully air conditioned
Heating Type
Hot water radiator heat
Utility Water
Municipal water
Land
Total Size
33 x 131.31 FT
Amenities
Public Transit, Recreation
Size of Irregular Land
33 x 131.31 FT
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