$5,400,000
Available - For Sale
Listing ID: C12009737
563 Bloor Stre West , Toronto, M5S 1Y6, Toronto
| 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: | $32020.63 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | 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: | 21.50 x 106.91 (Feet) |
| Directions/Cross Streets: | Bloor St West and Bathurst St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Use: | Hospitality/Food Related |
| Building Percentage: | F |
| Total Area: | 2335.77 |
| Total Area Code: | Square Feet |
| Retail Area: | 33 |
| Retail Area Code: | % |
| Approximatly Age: | 51-99 |
| Sprinklers: | Yes |
| Washrooms: | 3 |
| 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. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | University |
| Lot Size: | 21.50 x 106.91(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $32,020.63 |
| Baths: | 3 |
| Fireplace: | N |
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