2847-53 Lake Shore W Boulevard, Toronto W06, ON M8V 1H8

  • $9,950,000
  • $12,600,000
2847-53 Lake Shore W Boulevard, Toronto W06, ON M8V 1H8
  • W8032224
  • MLS® Number
  • Commercial Retail, Commercial
  • Property Type
  • 13850
  • Sqft
Active For Sale
2847-53 Lake Shore W Boulevard, Toronto W06, ON M8V 1H8
2847-53 Lake Shore W Boulevard, Toronto W06, ON M8V 1H8
  • $9,950,000
  • $12,600,000

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 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.

Details

MLS® Number
W8032224
Property Size
13850 Sqft
Updated on December 16, 2024 at 11:13 pm

Additional details

  • Utilities: Yes
  • Cooling: Yes
  • County: Toronto
  • Property Type: Commercial Sale

Address

  • Address 2847-53 Lake Shore W Boulevard
  • City Toronto
  • State/county ON
  • Zip/Postal Code M8V 1H8

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
  • Firas AL-Rifay