September 8, 2024  

$5,750,000

For Sale
 
MLS® No:
C9296037
Intersection:
George Street / Queen St E
Community:
Moss Park
Address:
167 Queen St E, Toronto, Ontario, Canada, M5A 1S2
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo
  • C9296037 photo

Features

Property Type:
Store W/Apt/Office
Land Size:
34.58 X 69.98Feet
Approximate Square Footage:
6390Sq Ft
Office Area:
4045Sq Ft
Approximate Age:
100+
Possession:
tba
Annual Property Taxes (estimate):
$18,766.12 / 2023 Tax Year Annual
Basement:
Y
Garage Type:
None
Heat Type:
Elec Forced Air
Sprinklers:
N
Central AC:
N
Zoning:
Cr3(C3;R3*2104)
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.
Listing Contracted With: Avion Realty Inc., Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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Adnan HashmiBroker of RecordDirect: (647)885-6364Bus: (905)796-1127

*We do not represent the builder. We represent you.

Wolf Realty Inc., Brokerage, Independently Owned & Operated