$5,500,000
( $860.72Per Sq Foot )
 $29,525 est/mo Sourced by Back At You

167 Queen Street , Toronto C08, ON M5A 1S2

Toronto C08, ON M5A 1S2

Share with a friend

Description

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.

Details

MLS#C9296037
Listing TypeFor Sale
Sub-TypeResale
StatusPrice Change
Days On Site163
Listing Provided ByAVION REALTY INC. | Not Provided

Features

SQ Feet6,390
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Request a showing

Request a showing

Loading Form
Listings Checked: 5 hours ago

Contact

Learn More About This Property

StateON
CountyToronto
CityToronto C08
Zip CodeM5A 1S2
AreaMoss Park
Listing VS Median (in M5A 1S2)
Price:
$5,500,000
low | high
Med:
$1,590
100% of Average
SqFt:
6,390
low | high
Med:
700
100% of Average
$ / SqFt:
$861
low | high
Med:
$2
100% of Average
On Site:
163
low | high
Med:
36.000000
100% of Average
Sourced by Back At You
Listing Updated: January 30, 2025 at 2:03:00 AM PST
Real Estate Links Our Domains