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 Marketing package available upon request. Tours by appt |
Price | $9,950,000 |
Taxes: | $52825.00 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 2847-53 Lake Shore Blvd West , Toronto, M8V 1H8, Ontario |
Postal Code: | M8V 1H8 |
Province/State: | Ontario |
Lot Size: | 101.00 x 100.00 (Feet) |
Directions/Cross Streets: | Fourth St |
Category: | Multi-Use |
Building Percentage: | N |
Total Area: | 13850.00 |
Total Area Code: | Sq Ft Divisible |
Office/Appartment Area: | 6000 |
Office/Appartment Area Code: | Sq Ft Divisible |
Retail Area: | 7850 |
Retail Area Code: | Sq Ft Divisible |
Financial Statement: | N |
Chattels: | Y |
Sprinklers: | Y |
Heat Type: | Gas Forced Air Closd |
Central Air Conditioning: | Y |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
INTERNATIONAL REALTY FIRM, INC. |
|
Book Showing | Email a Friend |
Type: | Com - Commercial/Retail |
Area: | Toronto |
Municipality: | Toronto |
Neighbourhood: | New Toronto |
Lot Size: | 101.00 x 100.00(Feet) |
Tax: | $52,825 |