2847 Lake Shore Blvd W, Toronto, Ontario

$9,950,000

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13,850

Square feet

About 2847 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 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

Features of 2847 Lake Shore Blvd W

MLS® # W8032224
Price $9,950,000
Bathrooms 0.00
Square Footage 13850.00
Type Commercial
Sub-Type Commercial/Retail
Status A

Community Information

Address 2847 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 Marketing package available upon request. Tours by appt
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

OfficeINTERNATIONAL REALTY FIRM, INC.

Listing Map

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