167 Queen Street E Toronto, Ontario M5A 1S2

$5,500,000

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. (id:55460)

Property Details

MLS® Number	C9296037
Property Type	Retail
Community Name	Moss Park

Building

Heating Fuel	Electric
Heating Type	Forced Air
Size Interior	6,390 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	69 Ft ,11 In
Size Frontage	34 Ft ,6 In
Size Irregular	34.58 X 69.98 Ft
Size Total Text	34.58 X 69.98 Ft
Zoning Description	Cr3(c3;r3*2104)

https://www.realtor.ca/real-estate/27356282/167-queen-street-e-toronto-moss-park-moss-park