$7,550,000
FOR SALE

Investment

Lot: 61.45 x 100 ftTotal Area: 10,988 ft2 divisible
2024 Taxes: $39,992

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

MIXED-USE RETAIL INVESTMENT / 61 ft corner / 10,988 SF / 3 commercial units on ground floor / 1 commercial unit in basement / 9-suite boutique Hotel operation on second floor / great cash flows. BASEMENT LEASE: Portion of Basement leased as Adult Entertainment Club / Rare Adult Entertainment Club Licence > 1 of 6 left in the City. HOTEL: The Hotel operation earns $$$ > has much upside in occupancy and cash flows. RENOVATED top to bottom / new roof / new HVAC / renovated hotel rooms. PARKING: Parking along Lake Shore and Fourth St / Green-P parking lot on Fifth St. LOCATION: High traffic location / fronting 24HR Streetcar / minutes to Mimico GO Station / minutes to Gardiner Expy and Hwy 427. Also for sale with 2849-2853 Lake Shore Blvd W >> own most of the block.
Extras
1ST FLOOR: 5,900 SF / 3 retail units. 2ND FLOOR: 5,088 SF / 9-suite Hotel / Rooftop Patio / Exceptionally finished. BASEMENT: 5,900 SF / ~3,000 SF leased as retail unit. MARKETING PACKAGE available upon request. Tours by appointment only.
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Listed By INTERNATIONAL REALTY FIRM, INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W9244139
Last Updated Sep 27, 2024
Property Summary
Property Type Investment

More like this:
Category Accommodation
Occupancy Tenant
Possession Date Tenanted
Taxes (2024) $39,992
Tax Type Annual
Directions/Cross Streets Fourth St
Neighbourhood New Toronto
Area Toronto
Price History

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Detailed Information
Freestanding N
Lot 61.45 x 100 ft
Retail Area 5,900 ft2 divisible
Office/Apt Area 5,088 ft2 divisible
Total Area 10,988 ft2 divisible
Air Conditioning Y
Basement Y
Garage Type None
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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