Description

Prime Downtown Toronto Hospitality & Redevelopment Opportunity137 Jarvis Street | 8,800 SF Building | 33-Room Hotel | 4,300 SF LotRare opportunity to acquire a well-positioned commercial asset in the core 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, delivering immediate income and exceptional long-term redevelopment potential.Strategically located just steps from the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence Market, this high-exposure property is surrounded by dense residential and institutional developments, offering strong foot traffic and connectivity.Investment Highlights:Prime downtown location in a high-traffic, high-growth areaRooftop terrace with skyline viewsideal for future amenity space or rooftop activationPrivate driveway with on-site parking for two vehiclesZoned CR, permitting a wide range of commercial uses: Hotel or short-term rental Student housing or co-living Retail, office, or mixed-use redevelopmentCurrent use provides stable holding income with operational hotel and extended-stay modelRedevelopment Flexibility:Ideal for repositioning as a boutique hotel, residential-hospitality hybrid, or mixed-use urban development. The property benefits from excellent transit access, strong area amenities, and supportive intensification policies.Vendor Take-Back Mortgage Available:A VTB mortgage (1236 months) is available to qualified buyers, offering flexibility for acquisition or redevelopment planning.137 Jarvis Street presents a compelling opportunity to own and transform a centrally located income-generating asset in one of Torontos most dynamic and evolving neighbourhoods.