2847 Lake Shore Blvd W Toronto, Ontario M8V 1H8
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$12,600,000
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 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 **** EXTRAS **** 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 (id:58072)
Property Details
| MLS® Number | W8032224 |
| Property Type | Retail |
| Community Name | New Toronto |
Building
| Cooling Type | Fully Air Conditioned |
| 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-blvd-w-toronto-new-toronto
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April 03 2024 03:07:29
Toronto Real Estate Board
International Realty Firm, Inc.