EARN $786,000 / 101 ft corner property / 13,850 SF / 5 retail units / 11-room boutique Hotel operation.\nAmazing opportunity for cash flow investor (and hands on property manager and Landlord)\nThe real estate earns stabilized NOI of $546,000 > growing to $583,000 in 5 years\nThe Hotel operation earns NOI of $240,000 > has much upside in occupancy and cash flows.\nPortion of Basement leased as Adult Entertainment Club / Rare Adult Entertainment Club Licence > 1 of 6 left in the City.\nRenovated top to bottom / new roof / new HVAC / renovated hotel rooms\n6 onsite parking / parking along Lake Shore and Fourth St / Green-P Parking at Fifth St / Rear lane access. \nHigh traffic location / fronting 24 HR Streetcar / minutes to Mimico GO Station / minutes to Gardiner Expy and Hwy 427.\nFull address: 2847-2857 Lake Shore Blvd W.\nAlso for sale with 2869 Lake Shore Blvd W >> own most of the block. **** 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:47421)
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Detailed Information
Total Area
13,850 ft2
Listing Contract Date
2024-01-30
Property Type
Business
Transaction Type
For sale
Business
Business Type
Accommodation
Business Subtype
Motel
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
101 x 100 FT
Size of Irregular Land
101 x 100 FT
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