Prime Downtown Toronto Hospitality & Redevelopment Opportunity137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotAn exceptional opportunity to acquire a prominently located commercial asset in the heart of downtown Toronto. Situated on a 4,300 sq. ft. lot, this 8,800 sq. ft. building currently operates as a 33-room hotel and extended-stay residence, offering immediate income and significant long-term redevelopment potential.Key Investment Highlights:Coveted downtown location, steps to the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketLocated in a high-exposure corridor with strong foot traffic and surrounding amenitiesRooftop terrace with sweeping skyline views ideal for future guest amenities or a rooftop loungePrivate driveway with on-site parking for two vehiclesZoned for flexible commercial uses, including:Hotel or short-term accommodationsStudent housing or co-living conceptsRetail, office, or mixed-use redevelopmentStrategic Redevelopment Flexibility:Perfect for repositioning as a boutique hotel, hospitality-residential hybrid, or vibrant mixed-use project. With strong transit access, cultural landmarks nearby, and ongoing downtown intensification, this site offers both short-term cash flow and long-term value creation.Vendor Take-Back Mortgage Available:A Vendor Take-Back (VTB) mortgage is available to qualified buyers (12 to 36 months), providing financing flexibility for acquisition or repositioning strategies.137 Jarvis Street offers a rare chance to own a high-performing, centrally located hospitality asset with development potential in one of Torontos most rapidly evolving urban nodes. (39978577)
Annual Property Taxes
$18,741 (CAD)
Time on REALTOR.ca
57 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. REALTOR.ca Canada Inc. does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.