76 Church St - Hospitality FOR SALE


Toronto, ON M5C 2G1- Church-Yonge Corridor
$20,600,000 CAD
416-862-2666
76 Church St, Toronto, ON for Sale
$20,600,000 CAD
Hospitality - FOR SALE
1/15
null | 8% Cap Rate

76 Church St
Toronto, ON M5C 2G1
Church-Yonge Corridor


HIGHLIGHTS

  • Fully leased to the City of Toronto under a long-term lease agreement.
  • Downtown Toronto location near major transit, retail, and institutional destinations.
  • Surrounded by ongoing redevelopment and potential land assembly opportunities.
  • Future Ontario Line transit expansion will enhance area connectivity.

OVERVIEW

76 Church Street presents an opportunity to acquire a fee simple investment property in downtown Toronto with long-term income supported by the covenant of the City of Toronto. The nine-storey building plus basement is fully leased to the City under a recently renewed lease, creating predictable cash flow while minimizing many day-to-day operational obligations through the tenant's responsibility for taxes, utilities, maintenance, cleaning, repairs, waste management, and snow removal.

FOR SALE DETAILS

PRICE

$20,600,000 CAD

PRICE/SF

$1,056 CAD /SF

# OF ROOMS

35

PRICE/ROOM

$588,571 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HI Toronto Hostel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

9

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CR4.0

APN/PARCEL ID

214010084

ASK ABOUT THIS PROPERTY

John MacintyreCresa Toronto Inc., BrokerageMore Info
416-862-2666

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John MacintyreCresa Toronto Inc., BrokerageMore Info
416-862-2666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.