Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$5,750,000
Available - For Sale
Listing ID: C9296037
167 Queen St East , Toronto, M5A 1S2, Ontario
| 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. |
| Price | $5,750,000 |
| Taxes: | $18766.12 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 167 Queen St East , Toronto, M5A 1S2, Ontario |
| Postal Code: | M5A 1S2 |
| Province/State: | Ontario |
| Legal Description: | Lt 1-2 Pl 772 City East ; T/W Ct236665; |
| Lot Size: | 34.58 x 69.98 (Feet) |
| Directions/Cross Streets: | George Street / Queen St E |
| Category: | Store With Apt/Office |
| Building Percentage: | N |
| Total Area: | 6390.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 4045 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 2345 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Sprinklers: | N |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | N |
| Water: | Municipal |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| AVION REALTY INC. |
|
|
Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Store W/Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Moss Park |
| Lot Size: | 34.58 x 69.98(Feet) |
| Approximate Age: | 100+ |
| Tax: | $18,766.12 |
Locatin Map:
Payment Calculator:
