Property Description
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 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 rooms 6 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. Also for sale with 2869 Lake Shore Blvd W >> own most of the block
Features
: Outside/surface
: Municipal
Additional Information
INTERNATIONAL REALTY FIRM, INC.
Professional Office
Fourth St
100
101
: Gas Forced Air Closd
0
6000
Y
W
A
$52,825
2023
Address Map
2847
Lake Shore
Blvd
0
W80° 36' 57.8''
N43° 39' 12.5''

2847 Lake Shore Blvd

Toronto, Ontario M8V 1H8

$12,600,000
Listing ID #W8032224
Basic Details
Property Type : Commercial/retail
Listing Type : Sale
Listing ID : W8032224
Price : $12,600,000
Rooms : 0
Year Built : 0
Country : CA
Province : Ontario
Area : Toronto
Municipality : Toronto
Postal Code : M8V 1H8
Community : New Toronto
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
Contact Us