137 Jarvis Street, Toronto C08, ON M5C 2H6

FOR LEASE Licensed Hospitality Property | 8,800 SF Building | 33 Guest Rooms | Prime Downtown Toronto | 137 Jarvis Street A rare opportunity to lease a licensed hotel and short-term rental property in the heart of downtown Toronto. Situated on a 4,300 sq. ft. lot, this 8,800 sq. ft. freestanding building features 33 fully furnished guest rooms, currently operating as a hotel and extended-stay residence. The property offers immediate income potential and exceptional flexibility for a range of hospitality or institutional uses.Strategically located steps from Eaton Centre, Toronto Metropolitan University, George Brown College, and St. Lawrence Market, the property benefits from consistent pedestrian activity, strong transit connectivity, and proximity to key residential, academic, and commercial hubs.Property Features:For Lease: Fully operational, licensed hotel and short-term rental property33 guest-ready rooms, professionally furnished and managed Expansive rooftop terrace with skyline viewsideal for guest use or events Shared amenities including main-floor kitchenette and washroom Private driveway with on-site parking for two vehicles Located in a high-traffic, high-growth downtown corridor Use Potential:Ideal for short-term rental platforms, boutique hotel operators, extended-stay brands, or student/co-living housing Zoned for commercial use, supporting a range of lodging and accommodation models Excellent transit access via TTC subway and streetcar lines Additional Offering:A Vendor Take-Back (VTB) mortgage is available to qualified parties exploring lease-to-own or redevelopment planning (terms negotiable)137 Jarvis Street offers a fully licensed, centrally located hospitality property with income-generating potential and flexible lease terms in one of Torontos most dynamic downtown neighbourhoods.