The current use of the existing building is a personal care home for the elderly under the current business name The Amsterdam House. The owner would like to change the use of the building into a Youth Hostel with a Condo like feel to the place. Thus, The Amsterdam House will be closed and redeveloped into a Youth Hostel under a new company name. Investors will have an opportunity to be a part of a business that is in high demand and secured by real estate in downtown Toronto.
