Home > All listings > 2847 Lake Shore Blvd W

$9,950,000

2847 Lake Shore Blvd W

New Toronto, Toronto, Ontario, M8V 1H8

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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 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 rooms 6 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. Also for sale with 2869 Lake Shore Blvd W >> own most of the block

Property Info

MLS®: W8032224

Listing Courtesy of INTERNATIONAL REALTY FIRM, INC.

Total Bedrooms 0

Total Bathrooms 0

Basement Y

Floor Space 0 sq.ft.

Lot Size 10100 sq.ft.

Style other

Last Updated 2024-06-03 11:12:02

Property Type Commercial/Retail

Listed Price $9,950,000

Unit Pricing $9,950,000/sq.ft.

Strata Fee $0.00

Tax Estimate $52,825/Year

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W8032224 X XXX X, XXXX XXXXX $XXXXXXX

W8032220 X XXX X, XXXX XXXXX $XXXXXXX

Renting

W5155731 X XXX X, XXXX XXXXX $XXXXXXX

XXX X, XXXX XXXXX $XXXXXXX

W4517947 X XXX X, XXXX XXXXX $XXXXXXX

XXX X, XXXX XXXXX $XXXXXXX

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