REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,250,000
Est. payment /mo
Active
137 Jarvis ST Toronto C08, ON M5C 2H6
8,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $823
Subdivision Moss Park
MLS Listing ID C11999478
Annual Tax Amount $18,740
Tax Year 2025
Property Sub-Type Commercial Retail
Lot Depth 131.89
Lot Front 33.0
Property Description
Prime Hospitality & Redevelopment Opportunity in Downtown Toronto137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotAn exceptional opportunity to acquire a centrally located commercial asset in one of Torontos most rapidly evolving downtown corridors. 137 Jarvis Street spans 8,800 sq. ft. across four storeys and currently operates as a 33-room hotel and extended-stay residence, offering immediate income and long-term redevelopment upside.Positioned on a 4,300 sq. ft. lot, the property is surrounded by high-density residential, commercial, and institutional developments. Its just steps from Toronto Metropolitan University, Eaton Centre, St. Lawrence Market, and George Brown Collegemaking it an ideal site for hospitality, mixed-use, or residential concepts.Key Features & Investment Highlights:High-visibility downtown location with strong pedestrian and transit accessRooftop terrace with stunning skyline viewsideal for future amenity space or rooftop loungePrivate driveway with on-site parking for two vehiclesZoned CR, permitting flexible commercial uses including: Hotel, hostel, or short-term rental Student housing or co-living Retail, office, or mixed-use redevelopmentImmediate cash flow with operating hotel and extended-stay modelStrategic Redevelopment Potential:This is a rare opportunity to reposition the property as a boutique hotel, hospitality-residential hybrid, or urban mixed-use development. Its location within a rapidly intensifying downtown core supports both short-term income strategies and long-term value creation.Vendor Take-Back (VTB) Mortgage Available:A VTB mortgage (1236 months) is available to qualified buyersoffering added flexibility for acquisition, repositioning, or redevelopment.Own a high-performing, centrally located hospitality asset with development potential in one of Torontos most desirable and high-growth urban nodes.
Location
Province ON
County Toronto
Community Moss Park
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 131.89
Others
Security Features No
Listed by RE/MAX ALL-STARS REALTY INC.
GET MORE INFORMATION
QUICK SEARCH