2
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$9,950,000
Est. payment /mo
13,850 SqFt
Active
2847-53 Lake Shore BLVD W Toronto W06, ON M8V 1H8
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UPDATED:
12/16/2024 11:14 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 years. The Hotel operation 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
Community New Toronto
Area Toronto
Zoning CR
Region New Toronto
City Region New Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
Listed by INTERNATIONAL REALTY FIRM, INC.
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Managing Broker
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