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$ 5,400,000
Est. payment /mo
New
563 Bloor ST W Toronto C01, ON M5S 1Y6
3 Baths
2,335 SqFt
UPDATED:
03/10/2025 01:06 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,335 sqft
Price per Sqft $2,312
Subdivision University
MLS Listing ID C12009737
Annual Tax Amount $32,020
Tax Year 2024
Property Sub-Type Commercial Retail
Property 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. Contact us today to learn more and schedule a viewing!
Location
Province ON
County Toronto
Community University
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 21.5
Lot Depth 106.91
Others
Security Features Yes
Listed by RE/MAX PREMIER INC.