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. (id:55598)
- MLS® C9296037
- Date Listed09/02/2024
- Days on Realty 110 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Subdivision Moss Park
- Property Type Mixed Use
- Water Public
- Square Feet 6,390 sq. ft
- Price Per Sq. Ft $860.72
Interior Features
- Heating Forced Air, Electric
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
100/100
Walker's Paradise
Walk Score ®
100/100
Rider's Paradise
Transit Score ®
98/100
Biker's Paradise
Bike Score ®
Overview
Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.Transit Summary
43 nearby routes: 17 bus, 26 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 81/100, Transit Score: 80/100, Bike Score: 82/100.
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Frequently Asked Questions for 167 QUEEN STREET E
Source: Realty.com
167 QUEEN STREET E, Toronto (Moss Park), ON M5A1S2 is a Mixed Use, Commercial Sale property listed for $5,500,000 The property is 6390 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 40 photos of 167 QUEEN STREET E.
The full address for this home is 167 QUEEN STREET E, Toronto (Moss Park), ON M5A1S2.
167 QUEEN STREET E has been listed on Realty.com since Mon September 02, 2024
Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.
The average walkability score in the surrounding area is Walk Score: 81/100, Transit Score: 80/100, Bike Score: 82/100.
Listing provided courtesy of:
AVION REALTY INC.
(tel: (647) 518-5728)
Listing agent:
JAY XU
(tel: (647) 680-3780)
This content last refreshed on 2024-12-21 02:56:53. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 167 QUEEN STREET E, Toronto (Moss Park), ON M5A1S2 : MLS® C9296037