$9,950,000
FOR SALE

Investment

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 / Enviro report available Marketing package upon request. Tours by app only
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Listed By INTERNATIONAL REALTY FIRM, INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W8032220
Last Updated Oct 02, 2024
Property Summary
Property Type Investment

More like this:
Use Hotel/Motel/Inn
Category Accommodation
Occupancy Tenant
Possession Date Tenanted
Taxes (2023) $52,825
Tax Type Annual
Directions/Cross Streets Fourth St
Neighbourhood New Toronto
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

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
Garage Type Outside/Surface
Heat Type Gas Forced Air Closd
Sprinklers Y
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning CR
Seller Property Info Statement N

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