Key Facts
- Property ID: SIRC1067471
- Property Type: Development, Other
- Living Space: 8,877 sq.ft.
- Lot Size: 4,333.23 sq.ft.
- Bedrooms: 33
- Bathrooms: 16
- Parking Spaces: 2
- Municipal Taxes 2024: $18,741
- Other Taxes 2023: $16,557
- Listed By:
- Petar Drecun, Shirley Yoon Kim
Property Description
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.
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Amenities
- Air Conditioning
- City
- Ensuite Bathroom
- Metropolitan
- Parking
- Rooftop Patio
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Location
137 Jarvis St, Toronto, Ontario, M5C 2H6 Canada
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Area Description
Site area of 4,300 square feet plus significant building area of 8,800+ square feet. Ideal for continued or other permitted service, hospitality, retail, or accommodation uses, and redevelopment potential. Full package and additional information available.
Marketed By
Sotheby’s International Realty Canada
1867 Yonge Street, Suite 100
Toronto, Ontario, M4S 1Y5