563 Bloor Street, Toronto, ON M5S 1Y6

Toronto C01 M5S 1Y6 Ontario

MLS: C12009737

$5,400,000

Added 21 days ago | For Sale

Listed by: RE/MAX PREMIER INC.

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:3
  • Land Size: 21.5 X 106.91
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Bloor St West and Bathurst St
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $32020.63
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:C12009737

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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