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Type: Store W/Apt/Office
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Property Type: Commercial
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Zoning: Cr3(C3;R3*2104)
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Age: 100+ years
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Taxes: 18766.12
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MLS®#: C9296037
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Days on Site: 34 Days
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Added: Sep 02, 2024 (2 months ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: AVION REALTY INC.
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.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Age: 100+
Area: Toronto
Community: Moss Park
Availability Date: tba
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Elec Forced Air
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Tax Legal Description: Lt 1-2 Pl 772 City East ; T/W Ct236665; City Of To
Taxes: $18,766
Taxes Type: Annual
Land
Cross Street: George Street / Quee
Municipality District: Toronto C08
Lot Depth: 69.98 Feet
Lot Frontage: 34.58 Feet
Zoning: Cr3(C3;R3*2104)
Commercial Specific
Retail Area: 2345
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 6390
Total Area Metric: Sq Ft
Industrial Area Metric: Sq Ft
Office Size: 4045
Office Size Metric: Sq Ft
Lot Code: Lot
Downtown Alternative School
Elementary: PublicSt Michael Catholic School
Elementary: CatholicSt Michael's Choir (Jr) School
Elementary: CatholicÉcole élémentaire Gabrielle-Roy
Elementary: PublicMarket Lane Junior and Senior Public School
Elementary: PublicLord Dufferin Junior and Senior Public School
Elementary: PublicMsgr Fraser College (St. Martin Campus)
Secondary: CatholicNative Learning Centre
Secondary: PublicInglenook Community School
Secondary: PublicSt Michael's Choir (Sr) School
Secondary: CatholicCollège français secondaire
Secondary: PublicJarvis Collegiate Institute
Secondary: Public
- 0 bath
- 0 bed
499 Queen Street West, Toronto, Ontario • M5V 2B4 • Waterfront Communities C01
