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$9,950,000
Available - For Sale
Listing ID: W8032224
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 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
Price $9,950,000
Taxes: $52,825
Tax Type: Annual
Occupancy by: Tenant
Address: 2847-53 Lake Shore Blvd West , Toronto, M8V 1H8, Ontario
Postal Code: M8V 1H8
Province/State: Ontario
Lot Size: 101 x 100 (Feet)
Directions/Cross Streets: Fourth St
Zoning: CR
Category: Multi-Use
Building Percentage: N
Total Area: 13,850
Total Area Code:  Sq Ft Divisible
Office/Appartment Area: 6000
Office/Appartment Area Code: Sq Ft Divisible
Retail Area: 7850
Retail Area Code: Sq Ft Divisible
Financial Statement: N
Chattels: Y
Sprinklers: Y
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Water: Municipal
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INTERNATIONAL REALTY FIRM, INC.

2847-53 Lake Shore Blvd West , Toronto, M8V 1H8, Ontario


 
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Type: Com - Commercial/Retail
Area: Toronto
Municipality: Toronto
Neighbourhood: New Toronto
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Lot Size: 101.00 x 100.00(Feet)
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Tax: $52,825
Maintenance Fee: $0
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