2847-53 Lake Shore Blvd W

Toronto W06 | New Toronto | M8V 1H8
  • 13850.0 sqft
  • 0 gar

Ask: $12,600,000 $9,950,000

Est. Mtg $33,738 /mo
  • Days on market

    56

  • Status

    A

Listing Broker INTERNATIONAL REALTY FIRM, INC.
Since listed: 2 views

Home details

MLS #:

W8032224

Property type:
Commercial/Retail
Style:
Taxes:
$52,825
Possession:
Tenanted
Condo Fee:
Lot Size:
101.0 X 100.0
Zoning:
CR
Use:
Heat:
Gas Forced Air Closd

Description


2847-53 Lake Shore Blvd W, , Toronto, Ontario is a Commercial/Retail property in Toronto W06 and in the New Toronto community in the M8V 1H8 postal code


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.



Payment calculator

$38140 monthly. In association with: TD Bank
%
  • Principal and Interest
    33738 /mo
  • Property Taxes
    $4402 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mimmo Galatti, Realtor

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