$7,550,000
2847 Lake Shore BLVD W Toronto W06, ON M8V 1H8
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$7,550,000
Est. payment /mo
10,988 SqFt
Active
2847 Lake Shore BLVD W Toronto W06, ON M8V 1H8
UPDATED:
09/27/2024 09:15 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,988 sqft
Price per Sqft $687
MLS Listing ID W9244139
Annual Tax Amount $39,992
Tax Year 2024
Property Description
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.
Location
Province ON
County Toronto
Area New Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Parking Type None
Others
Security Features Yes
Listed by INTERNATIONAL REALTY FIRM, INC.
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