$5,500,000
FOR SALE

Store W/Apartment/Office

Lot: 34.58 x 69.98 ftTotal Area: 6,390 ft2
2023 Taxes: $18,766.12

167 Queen St E
Toronto, ON M5A 1S2 | Moss Park

This end-unit commercial property at Queen St. East & Jarvis presents an unparalleled opportunity for developers, investors, and business owners. With Manor Variance approved and high-density rezoning potential, this property is poised for significant growth.The 3-story building features ground-floor retail/office space, five residential units on the upper floors, and a spacious basement with 1,735 sq ft of storage. Architectural plans are in place to transform the property, converting the 2nd and 3rd floors into 10 hotel rooms, adding a personal service shop in the basement, and incorporating an exterior amenity space on the third floor.Located directly across from Moss Park and just steps from the upcoming Ontario Line station, this property is ideally situated for high-rise, mixed-use redevelopment.Financial Highlights:Projected Current Net Operating Income (NOI): Over $210K/year (based on existing structure)Projected Post-Renovation NOI: Over $580K/year (from short-term hotel units and two commercial spaces)Dont miss this rare opportunity to acquire a prime property in one of Torontos most rapidly developing areas. Whether you're looking to invest, redevelop, or create a new mixed-use project, this property offers endless possibilities and exceptional value.
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Listed By AVION REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9296037
Last Updated Oct 06, 2024
Property Summary
Property Type Store W/Apartment/Office

More like this:
Category Store With Apt/Office
Legal Description Lt 1-2 Pl 772 City East ; T/W Ct236665; City Of To
Occupancy Vacant
Possession Date tba
Taxes (2023) $18,766.12
Tax Type Annual
Directions/Cross Streets George Street / Queen St E
Neighbourhood Moss Park
Area Toronto
Price History

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Detailed Information
Freestanding N
Lot 34.58 x 69.98 ft
Retail Area 2,345 ft2
Office/Apt Area 4,045 ft2
Total Area 6,390 ft2
Approximate Age 100+
Air Conditioning N
Basement Y
Garage Type None
Heat Type Elec Forced Air
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Cr3(C3;R3*2104)
Seller Property Info Statement N

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