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$5,400,000
Available - For Sale
Listing ID: C12009737
An exceptional commercial investment opportunity awaits in the heart of Toronto's highly sought-after Annex neighborhood, with proximity to the University of Toronto's St. George campus. This three-story building, complete with a basement, offers immense potential for savvy investors looking to capitalize on the prime location and vibrant surrounding area. The building features two spacious, well-maintained apartments on the second and third floors, offering consistent rental income potential or the opportunity for conversion into higher-end residential units. One of the units is currently used as an office space. On the main floor, you'll find a thriving, fully operational restaurant benefiting from unparalleled visibility and foot traffic in this bustling urban area. The restaurant attracts a steady stream of customers, including university students, faculty, and local residents, making it a prime spot for continued success or potential repositioning. The full basement provides valuable storage space, with potential for additional development to further maximize the property's value. This property is ideally situated near transit, dining, shopping, and cultural hotspots, placing it at the center of a rapidly growing and dynamic community. With the University of Toronto's St. George campus just steps away, the location offers long-term growth potential and a unique opportunity for commercial investors to expand their portfolio in one of Toronto's most vibrant neighborhoods. Don't miss out on this incredible opportunity.
Price $5,400,000
Taxes: $32,020.63
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner
Address: 563 Bloor Stre West , Toronto, M5S 1Y6, Toronto
Postal Code: M5S 1Y6
Province/State: Toronto
Legal Description: PT LT 22-23 PL 93 TORONTO AS IN CA437118
Lot Size: 21.5 x 106.91 (Feet)
Directions/Cross Streets: Bloor St West and Bathurst St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: F
Total Area: 2,335.77
Total Area Code:  Square Feet
Retail Area: 33
Retail Area Code: %
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: Yes
Outside Storage: T
Soil Test: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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RE/MAX PREMIER INC.

563 Bloor Stre West , Toronto, M5S 1Y6, Toronto

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Commercial Retail
Area: Toronto
Municipality: Toronto C01
Neighbourhood: University
Style:
Lot Size: 21.50 x 106.91(Feet)
Approximate Age: 51-99
Tax: $32,020.63
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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