$ 9,950,000
2847-53 LAKE SHORE BOULEVARD W Toronto (new Toronto), ON M8V1H8
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$ 9,950,000
Est. payment | /mo
13,850 SqFt
$ 9,950,000
Est. payment | /mo
13,850 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,850 sqft
Price per Sqft $718
Subdivision New Toronto
MLS® Listing ID W8032224
Originating Board Toronto Regional Real Estate Board
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. **** EXTRAS **** 1st Floor: 7,850 SF / 4 retail units\n2nd Floor: 6,000 SF / Hotel / Rooftop Patio\nBasement: 7,850 SF / ~3,000 SF leased as retail unit\nRoof top HVAC / New roof\nMarketing package available upon request. Tours by appt (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Listed by INTERNATIONAL REALTY FIRM, INC.