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For Sale

563 Bloor Street W, Toronto, ON M5S 1Y6

$3,900,000

  • 3 Bathrooms
  • Commercial Retail
  • MLS® C12467579

Listing Brokerage: RE/MAX PREMIER INC.

Description

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!

Property details

MLS® number
C12467579
Transaction
For Sale
Property type
Commercial
Style / use
Commercial Retail
Community
University
City
Toronto C01
Bathrooms
3
Building area
2335.77 Square Feet
Lot width
21.5 Feet
Lot depth
106.91 Feet
Approximate age
51-99
Heating
Gas Forced Air Open
Cooling
Yes
Garage
None
Taxes
$32,020.63
Tax year
2024
Business type
Hospitality/Food Related
Retail area
33
Listing brokerage
RE/MAX PREMIER INC.

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