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167 QUEEN STREET E
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167 QUEEN STREET E $5,500,000
$5,500,000
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167 QUEEN STREET E
Toronto (Moss Park), Ontario M5A1S2

MLS® Number: C9296037

Listing 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. (36652319)

Location Description

George Street / Queen St E

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
Moss Park
Land Size
34.58 x 69.98 FT
Annual Property Taxes
$18,766.12
Time on REALTOR.ca
73 days

Building

Heating & Cooling
Heating Type
Forced air (Electric)
Utilities
Water
Municipal water

Measurements

Square Footage
6390 sqft

Land

Lot Features
Frontage
34 ft ,6 in
Land Depth
69 ft ,11 in
Other Property Information
Zoning Description
Cr3(C3;R3*2104)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
JAY XU
Broker
647-680-3780
Email
Book showing
AVION REALTY INC.
Brokerage
50 ACADIA AVE #130
MARKHAM, Ontario L3R0B3
647-518-5728
JAY XU