Toronto W06, ON M8V 1H8,2847-53 Lake Shore BLVD W
Toronto W06, ON M8V 1H8,2847-53 Lake Shore BLVD W
2
See all 2 photos
$9,950,000
Est. payment /mo
Save
13,850 SqFt
Active

2847-53 Lake Shore BLVD W Toronto W06, ON M8V 1H8

Save
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

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

State ON

County Toronto

Area New Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Parking Type Outside/Surface

Others

Security Features Yes


Listed by INTERNATIONAL REALTY FIRM, INC.

GET MORE INFORMATION

Catherine Antwi

+1(416) 662-5352

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

2847-53 Lake Shore BLVD W