$1,375,000
2802 Lake Shore Blvd W
New Toronto, Toronto, Ontario, M8V 1H5
Properties with this icon are courtesy of TRREB.
Notable corner between Royal York and Islington. 100% occupied by national tenant (Money Mart). Single storey building plus basement, with Committee of Adjustments Approval for 2nd & 3rd floor additions, with up to 8 self contained apartments. Potential to build with cash flow from retail tenant. Rental income $36,729/annum NET plus TMI, with current rent renewal in progress for 5 year option term. Great rear parking with large frontage and amazing corner exposure. Carefree net lease investment. Full height Lower Level is presently vacant & not included in Money Mart Lease. Lease out and increase NOI if separate entranceway to lower level built. Money Mart Lease Final Extension Renewed until March 2028 at rents averaging $59,200 per annum NET.
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