LOADING

2847-53 Lake Shore Boulevard W Toronto (New Toronto), Ontario M8V 1H8

13850 sqft
Fully Air Conditioned Forced Air

$9,950,000

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:29131)

Property Details

MLS® Number W8032224
Property Type Retail
Community Name New Toronto

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 13850 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 100 Ft
SizeFrontage 101 Ft
SizeIrregular 101 X 100 Ft
SizeTotalText 101 X 100 Ft
ZoningDescription Cr

https://www.realtor.ca/real-estate/26462421/2847-53-lake-shore-boulevard-w-toronto-new-toronto-new-toronto

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