$12,600,000
Status: For Sale
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 Type | :Commercial |
| MLS Number | :W8032224 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :05 Apr, 2024 (27 Days ago) |
| Area | :Toronto |
| Community | : New Toronto |
| Postal Code | : M8V 1H8 |
| Source | :TRREB |
| Price | :$12,600,000 |
| Property Taxes | :$52825.00 |
| Tax Year | :2023 |
| Cross Street | :Fourth St |
| Fireplace/Stove | :No |
30 Jan, 2024
TREB #W8032220
Available
$12600000.0
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2847 Lake Shore Blvd W offers approx. square footage with ample provisions for quality infrastructure and amenities for the workplace. Check the W8032224 carefully along with the project before checking out how it compares to similar Commercial situated nearby. Enjoy the benefits of reasonable 52825.00 and an attractive 12,600,000 while getting several vibrant New Toronto benefits at the same time.
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