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HI Toronto Hostel 76 Church St 35 Room Hostel Toronto, ON M5C 2G1 For Sale
Investment Highlights
- Fully leased to the City of Toronto under a long-term lease agreement.
- Surrounded by ongoing redevelopment and potential land assembly opportunities.
- Downtown Toronto location near major transit, retail, and institutional destinations.
- Future Ontario Line transit expansion will enhance area connectivity.
Executive Summary
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.
Property Facts
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 19,500 SF |
| Tenure | Freehold | No. Rooms | 35 |
| Property Type | Hospitality | No. Stories | 9 |
| Property Subtype | Hostel | Year Built | 1975 |
| Building Class | C | Corridor | Interior |
| Zoning | CR4.0 - Commercial and Residential Uses with 4x density | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 19,500 SF |
| No. Rooms | 35 |
| No. Stories | 9 |
| Year Built | 1975 |
| Corridor | Interior |
| Zoning | CR4.0 - Commercial and Residential Uses with 4x density |
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 35 | $46.65 USD | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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HI Toronto Hostel | 76 Church St
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