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.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\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:39551)
Property Details
MLS® Number
|
W8032224 |
Property Type
|
Retail |
Community Name
|
New Toronto |
Building
Cooling Type
|
Fully Air Conditioned |
Fireplace Present
|
No |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Size Interior
|
13850 Sqft |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Size Depth
|
100 Ft |
Size Frontage
|
101 Ft |
Size Irregular
|
101 X 100 Ft |
Size Total Text
|
101 X 100 Ft |
Zoning Description
|
Cr |
https://www.realtor.ca/real-estate/26462421/2847-53-lake-shore-boulevard-w-toronto-new-toronto-new-toronto