Active

2847-53 Lake Shore Blvd W

Toronto Ontario, M8V 1H8

C$9,950,000


Active

Commercial

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 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.

W8032220

MLS ID

December 17, 2024

Updated

Map

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

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Y


Heating

Yes


Heating Description

Gas Forced Air Closd

Exterior/Building Features

Lot Size

0.23 Acres

Other Property Details

Area Name

New Toronto


Taxes

$52,825


Tax Frequency

Annually


Garage

No


Parking

Outside/Surface


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Zoning

CR

Listing History

Date

Event

Price

6/3/2024

Price change

$9,950,000

-22%

 

Courtesy of Listed by , INTERNATIONAL REALTY FIRM, INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 10:35 AM UTC, 12/17/2024

 

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