Address
29 Wellesley St E Toronto, ON
Price
$ 6,999,000
Property Attributes
  • MLS#C5362188
  • TypeCommercial
  • CityToronto
  • AreaChurch-Yonge Corridor
  • NeighbourhoodToronto C08
  • Postal CodeM4Y 1G7
  • StyleHotel/Motel/Inn
  • Taxes$ 45457
  • Price$ 6,999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
KELLER WILLIAMS REFERRED URBAN REALTY, BROKERAGE
Data Source:
Canada - Toronto Real Estate Board (TRREB)
Property Description

Future Development Site With Good Rental Income From An Established Boutique Hotel Operator As Tenant. Wellesley Street Is A Major Commercial Road In Toronto, And Connects To The Yonge-University-Spadina Subway Line At Wellesley Ttc Subway Station Directly Across The Street. 2,986 Sq Ft Gfa As Per Mpac. Current Zoning Bylaw Permits Current Use. Highest And Best Use Is A Medium Density Mixed-Use Retail/Residential Development. Garage Converted To Office Space.

Price History
9/8/2021 Listed $6,999,000

General Features

Area Toronto
Category Accommodation
Community Church-Yonge Corridor
Extras Surrounded By High-Rise Residential Developments. Walking Distance To Ryerson University, University Of Toronto, Financial District, Shopping, Restaurants, And Bars. High Foot Traffic.
Heater Type Gas Forced Air Closd
Legal Description Pt Lt 5-6 Pl D235 Toronto As In Ca808846
Lot Depth 155.00
Municipality Toronto
Property Sub Type Investment
Status A
Tax Year 2021
Taxes 45457.35
Utilities Yes
Water Municipal
Zoning R (D2.5) (X520)

Interior Features

A/C Yes

Exterior Features

Freestanding Yes
Garage Type None

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M4Y 1G7

Price
AVG $2.33M
$7M
Taxes
AVG $22,739
$45,457
Visits
AVG 17
51
Walkscore
AVG 98
98
Data Provided by Walkscore ® not using MLS data