Prime Downtown Toronto Hospitality & Redevelopment Opportunity137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotAn exceptional opportunity to acquire a prominently located commercial asset in the heart of downtown Toronto. Situated on a 4,300 sq. ft. lot, this 8,800 sq. ft. building currently operates as a 33-room hotel and extended-stay residence, offering immediate income and significant long-term redevelopment potential.Key Investment Highlights:Coveted downtown location, steps to the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence MarketLocated in a high-exposure corridor with strong foot traffic and surrounding amenitiesRooftop terrace with sweeping skyline views ideal for future guest amenities or a rooftop loungePrivate driveway with on-site parking for two vehiclesZoned for flexible commercial uses, including:Hotel or short-term accommodationsStudent housing or co-living conceptsRetail, office, or mixed-use redevelopmentStrategic Redevelopment Flexibility:Perfect for repositioning as a boutique hotel, hospitality-residential hybrid, or vibrant mixed-use project. With strong transit access, cultural landmarks nearby, and ongoing downtown intensification, this site offers both short-term cash flow and long-term value creation.Vendor Take-Back Mortgage Available:A Vendor Take-Back (VTB) mortgage is available to qualified buyers (12 to 36 months), providing financing flexibility for acquisition or repositioning strategies.137 Jarvis Street offers a rare chance to own a high-performing, centrally located hospitality asset with development potential in one of Torontos most rapidly evolving urban nodes.
Address
137 Jarvis Street
List Price
$7,250,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Area
Toronto C08
Sub-Area
Moss Park
County
Toronto
Lot Size Source
MPAC
Lot Depth
131.89
Lot Type
Lot
Lot Irregularities
IRREGULAR
Lot Size Units
Feet
Lot Width
33
MLS® Number
C11999478
Listing Brokerage
RE/MAX ALL-STARS REALTY INC.
Postal Code
M5C 2H6
Tax Amount
$18,740.58
Tax Year
2025
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Lane
Security Features
No
