Rare opportunity to own a freestanding commercial building in downtown Toronto, steps from Queen Street East and Yonge-Dundas Square. Featuring prime Jarvis Street exposure - a flexible layout with full basement, and zoning potential for retail, office, hospitality, or redevelopment - this property offers exceptional visibility and investment value. Surrounded by major developments and excellent transit, it's ideal for investors or owner-occupiers. Currently a 33-room hotel with vacant possession available, this property sits on a 4,300ft² lot delivering immediate income and exceptional long-term redevelopment potential. Strategically located just steps from the Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence Market, this high-exposure property is surrounded by dense residential and institutional developments, offering strong foot traffic and connectivity. Rooftop terrace with skyline views ideal for future amenity space or rooftop activation. Private driveway with on-site parking for up to 3 vehicles. Previously also a rooming house and VTB possible.