$9,950,000^{FOR SALE}

Commercial/Retail

Lot: 101 x 100 ftTotal Area: 13,850 ft² divisible
2023 Taxes: $52,825

2847-53 Lake Shore Blvd W
Toronto, ON M8V 1H8 | New Toronto

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

Listed By	INTERNATIONAL REALTY FIRM, INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	W8032224
Last Updated	Oct 02, 2024

Property Summary

Property Type	Commercial/Retail More like this: Toronto Commercial/Retail for Sale
Category	Multi-Use
Occupancy	Tenant
Possession Date	Tenanted
Taxes (2023)	$52,825
Tax Type	Annual
Directions/Cross Streets	Fourth St
Neighbourhood	New Toronto
Area	Toronto

Price History

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Detailed Information

Freestanding	N
Lot	101 x 100 ft
Retail Area	7,850 ft² divisible
Office/Apt Area	6,000 ft² divisible
Total Area	13,850 ft² divisible
Air Conditioning	Y
Basement	Y
Chattels	Y
Garage Type	Outside/Surface
Heat Type	Gas Forced Air Closd
Financial Statement	N
Sprinklers	Y
Utilities	Y
Water	Municipal
Lot/Bldg/Unit Code	Lot
Zoning	CR
Seller Property Info Statement	N

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

Commercial/Retail

2847-53 Lake Shore Blvd W Toronto, ON M8V 1H8 | New Toronto

2847-53 Lake Shore Blvd W
Toronto, ON M8V 1H8 | New Toronto