LOADING

2847 Lake Shore Boulevard W 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.\nAmazing opportunity for cash flow investor (and hands on property manager and Landlord)\nThe real estate earns stabilized NOI of $546,000 > growing to $583,000 in 5 years\nThe Hotel operation earns NOI of $240,000 > has much upside in occupancy and cash flows.\nPortion of Basement leased as Adult Entertainment Club / Rare Adult Entertainment Club Licence > 1 of 6 left in the City.\nRenovated top to bottom / new roof / new HVAC / renovated hotel rooms\n6 onsite parking / parking along Lake Shore and Fourth St / Green-P Parking at Fifth St / Rear lane access. \nHigh traffic location / fronting 24 HR Streetcar / minutes to Mimico GO Station / minutes to Gardiner Expy and Hwy 427.\nAlso for sale with 2869 Lake Shore Blvd W >> own most of the block **** 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:21328)

Property Details

MLS® Number W8032224
Property Type Retail
Community Name New Toronto

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 13850 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 101 X 100 Ft
Size Total Text 101 X 100 Ft

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

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