137 Jarvis Street, Toronto | Image 1

137 Jarvis Street

Toronto, Church-Yonge Corridor

  • Commercial

$6,500,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Cr Ss1 (X339)

  • Age: No Data

  • Taxes: 18740.56

  • MLS®#: C10406264

  • Added: Nov 04, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Accommodation

  • Area: Toronto

  • Community: Church-Yonge Corridor

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Water Radiators

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Lane

  • Covered Parking Spaces: 2

Fees

  • Tax Year: 2024

  • Tax Legal Description: Pt Pt Of Gore In Front Of Parklt 6 E/S Jarvis St

  • Taxes: $18,741

  • Taxes Type: Annual

Land

  • Cross Street: Jarvis + Richmond

  • Municipality District: Toronto C08

  • Parcel Number: 210940085

  • Lot Depth: 131.31 Feet

  • Lot Frontage: 33 Feet

  • Zoning: Cr Ss1 (X339)

Commercial Specific

  • Retail Area: 90

  • Retail Area Metric: %

  • Sprinklers: N

  • Total Area: 8877

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: N

  • Lot Code: Lot

Map of 137 Jarvis Street, Toronto
JK-6

Downtown Alternative School

Elementary: Public
0.65 km
JK-8

St Michael Catholic School

Elementary: Catholic
0.65 km
1-8

St Michael's Choir (Jr) School

Elementary: Catholic
0.44 km
JK-6

École élémentaire Gabrielle-Roy

Elementary: Public
0.37 km
JK-8

Market Lane Junior and Senior Public School

Elementary: Public
0.77 km
JK-8

Lord Dufferin Junior and Senior Public School

Elementary: Public
0.95 km
9-12

Msgr Fraser College (St. Martin Campus)

Secondary: Catholic
1.72 km
9-12

Native Learning Centre

Secondary: Public
1.26 km
9-12

Inglenook Community School

Secondary: Public
1.09 km
9-12

St Michael's Choir (Sr) School

Secondary: Catholic
0.46 km
9-12

Collège français secondaire

Secondary: Public
1.09 km
9-12

Jarvis Collegiate Institute

Secondary: Public
1.42 km
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