2847-53 Lake Shore Boulevard Unit# 2847, Toronto (New Toronto), Ontario M8V1H8 is For Sale and has a listing price of 9,950,000. The property is located in the New Toronto neighbourhood. It's been on the website for 283 Days.
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 unitsn2nd Floor: 6,000 SF / Hotel / Rooftop PationBasement: 7,850 SF / ~3,000 SF leased as retail unitnRoof top HVAC / New roofnMarketing package available upon request. Tours by appt (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 01/30/2024 | W8032224 | $9,950,000 | For Sale | - | - |
| 01/30/2024 | W8032220 | $9,950,000 | For Sale | - | - |
