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2847-53 LAKE SHORE BOULEVARD W Toronto
  • 2847-53 LAKE SHORE BOULEVARD W Toronto
  • 2847-53 LAKE SHORE BOULEVARD W Toronto

2847-53 LAKE SHORE BOULEVARD W, Toronto, Ontario

$9,950,000

  • 13,850 Square Feet

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. (id:23309)

  • Listing ID: W8032220
  • Property Type: Business
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Details

  • Transaction: For sale
  • Zoning Description: CR

Building

  • Cooling: Fully air conditioned
  • Fireplace Present: False
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 13850 sqft
  • Utility Water: Municipal water

Land

  • Size Frontage: 101 ft
  • Size Irregular: 101 x 100 FT
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Listing provided by INTERNATIONAL REALTY FIRM, INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 2847-53 LAKE SHORE BOULEVARD W in Toronto Ontario. It was last modified on January 30th, 2024. Contact Diyana Reich to schedule a viewing or to discover other Toronto real estate for sale.

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