167 Queen E St, Toronto, Ontario M5A 1S2

  • $5,750,000
167 Queen E St, Toronto, Ontario M5A 1S2
Active
167 Queen E St, Toronto, Ontario M5A 1S2
  • $5,750,000

Overview

Property ID: C9296037
  • Commercial Sale, Other
  • Property Type
  • 6390
  • Sqft

Description

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.

  • Address 167 Queen E St
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M5A 1S2
  • Area Moss Park

Details

Updated on September 3, 2024 at 11:56 am
  • Property ID: C9296037
  • Price: $5,750,000
  • Property Size: 6390 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Other
  • Property Status: Active
  • MLS#: C9296037

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