2847-53 Lake Shore Boulevard W Toronto (New Toronto), Ontario M8V 1H8
$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 / Enviro report available\nMarketing package upon request. Tours by app only (id:50886)
Business
| BusinessType | Accommodation |
| BusinessSubType | Motel |
Property Details
| MLS® Number | W8032220 |
| Property Type | Business |
| Community Name | New Toronto |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 13850 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 100 Ft |
| SizeFrontage | 101 Ft |
| SizeIrregular | 101 X 100 Ft |
| SizeTotalText | 101 X 100 Ft |
| ZoningDescription | Cr |
Interested?
Contact us for more information
Danny Shvartsman
Salesperson
15 Gervais Dr 7th Flr
Toronto, Ontario M3C 3S2
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September 04 2024 02:35:41
Toronto Real Estate Board
International Realty Firm, Inc.