$ 9,950,000
2847-53 Lake Shore BLVD W Toronto W06, ON M8V 1H8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 9,950,000
Est. payment /mo
Active
2847-53 Lake Shore BLVD W Toronto W06, ON M8V 1H8
13,850 SqFt
UPDATED:
10/02/2024 06:09 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 13,850 sqft
Price per Sqft $718
MLS Listing ID W8032220
Annual Tax Amount $52,825
Tax Year 2023
Property Description
EARN $786,000 / 101 ft corner property / 13,850 SF / 5 retail units / 11-room boutique Hotel operation.Amazing opportunity for cash flow investor (and hands on property manager and Landlord)The real estate earns stabilized NOI of $546,000 > growing to $583,000 in 5 yearsThe Hotel operation earns NOI of $240,000 > has much upside in occupancy and cash flows.Portion of Basement leased as Adult Entertainment Club / Rare Adult Entertainment Club Licence > 1 of 6 left in the City.Renovated top to bottom / new roof / new HVAC / renovated hotel rooms6 onsite parking / parking along Lake Shore and Fourth St / Green-P Parking at Fifth St / Rear lane access. High traffic location / fronting 24 HR Streetcar / minutes to Mimico GO Station / minutes to Gardiner Expy and Hwy 427. Full address: 2847-2853 Lake Shore Blvd W.
Location
Province ON
County Toronto
Area New Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
Listed by INTERNATIONAL REALTY FIRM, INC.