About 2847-53 Lake Shore Blvd W
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.
Features of 2847-53 Lake Shore Blvd W
| MLS® # | W8032220 |
|---|---|
| Price | $9,950,000 |
| Bathrooms | 0.00 |
| Square Footage | 13850.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | A |
Community Information
| Address | 2847-53 Lake Shore Blvd W |
|---|---|
| Area | Toronto |
| Subdivision | New Toronto |
| City | Toronto |
| Province | Ontario |
| Postal Code | M8V 1H8 |
Amenities
| Utilities | Y |
|---|---|
| Features | 1st Floor: 7,850 SF / 4 retail units 2nd Floor: 6,000 SF / Hotel / Rooftop Patio Basement: 7,850 SF / ~3,000 SF leased as retail unit Roof top HVAC / New roof / Enviro report available Marketing package upon request. Tours by app only |
| Garages | Outside/Surface |
Interior
| Heating | Gas Forced Air Closd |
|---|---|
| Has Basement | Yes |
Exterior
| Lot Description | 101.00x100.00 Feet |
|---|
Additional Information
| Zoning | CR |
|---|
Listing Details
| Office | INTERNATIONAL REALTY FIRM, INC. |
|---|