Active
2847-53 Lake Shore Blvd W
Toronto Ontario, M8V 1H8
C$9,950,000
Active
Commercial
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.
W8032224
MLSⓇ ID
October 3, 2024
Updated
Map
2847-53 Lake Shore Blvd W
Toronto Ontario, M8V 1H8
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Y
Heating
Yes
Heating Description
Gas Forced Air Closd
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Area Name
New Toronto
Taxes
$52,825
Tax Frequency
Annually
Garage
No
Parking
Outside/Surface
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Zoning
CR
Listing History
Date | Event | Price |
|---|---|---|
6/3/2024 | Price change | $9,950,000 -22% |
Courtesy of Listed by , INTERNATIONAL REALTY FIRM, INC.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
©2024 Toronto Real Estate Board. All rights reserved.
Data last updated 1:50 AM UTC, 10/3/2024