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167 QUEEN STREET E, Toronto (Moss Park)
2024-09-03
Quick Summary
- Location
- 167 QUEEN STREET E, Toronto (Moss Park), Ontario M5A1S2
- Price
- $5,500,000
- Status:
- For Sale
- Property Type:
- Retail
- Area:
- 6390ft2
MLS®#C9296037
Property 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. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 6390 sqft
- Building Type: Residential Commercial Mix
- Utility Water: Municipal water
Land
- Land Size: 34.58 x 69.98 FT
Zoning
- Description: Cr3(C3;R3*2104)
Information entered by AVION REALTY INC.
Listing information last updated on: 2024-10-16 14:30:23
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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