106 Lake Shore Drive, Toronto | Image 1

106 Lake Shore Drive

Toronto, New Toronto

  • - bed - bath
$X,XXX,XXX Listed: $X,XXX,XXX
Sold

Sold on Nov 14, 2022

Note: Property is not currently for sale or for rent.

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 50 x 120 Feet

  • Age: No Data

  • Taxes: $12,767 per year

  • Days on Site: 103 Days

  • Added: Aug 03, 2022 (3 months on market)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: W5719430

  • Listed By: Re/max professionals inc., brokerage

Don't Miss This Fantastic Opportunity. Wonderful 50 X 120 Ft Building Lot On The Most Desirable And Best Waterfront Street In Lakeshore Village. Currently Occupying The Lot Is An Original 8 Plex Building In Need Of Major Renovation With 3 Vacant Units, Potential Gross With New Rents Is Approximately $128,000, Potential Net Approximately$ 101,000, For A 4 + Cap Rate. Building Has A New Roof, And 2 New Boilers. Attention Buyers. There Are 3 Ways To Buy This Property. 1) Buy Now, Knock Down And Build 2 Detached Homes As Is Happening On The Street Or 2) Buy Now, Hold Onto The Old 8 Plex, For 2-3 Years, Bring In Approximately $101,000 Net Per Year, Without Spending Money On It, Then Knock Down And Build, Or 3 ) Renovate The Entire Building And Get Higher Rents And A Vtb Mortgage!

Extras

8 Fridges, 8 Stoves, 1 Washer, 1 Dryer, 7X 1 Bedroom, 1X2 Bedroom, 8 Parking Spots. Gross Income (2021) & $98,822.04. Note: 2 Apartments Will Be Vacant.

Status

  • Days on Market: 103

  • Last Status: Sold

  • Sold Date: Nov 14, 2022

  • Closed Date: Nov 30, 2022

  • Expiry Date: Oct 31, 2022

  • Sold Price: $2,233,000

  • Unavailable Date: Nov 14, 2022

  • Input Date: Aug 03, 2022

Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Area: Toronto

  • Community: New Toronto

  • Availability Date: Tba

Inside

  • Bedrooms: 9

  • Bathrooms: 8

  • Kitchens: 8

  • Rooms: 25

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 8

Building

  • Basement: Apartment

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 8

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2021

  • Tax Legal Description: Lot 159 Plan 159

  • Taxes: $12,767

Highlights

  • Feature: Lake/Pond

  • Feature: Park

  • Feature: Public Transit

  • Feature: Rec Centre

Land

  • Cross Street: Lake Shore Drive/Eig

  • Municipality District: Toronto W06

  • Fronting On: North

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 120 Feet

  • Lot Frontage: 50 Feet

Additional Media

  • Virtual Tour: https://iframe.videodelivery.net/db7c0d909e5a57fa1996fc4e425cca39
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Car-Dependent

  • Most errands require a car.
27 /100

Good Transit

  • Some errands can be accomplished by public transportation.
61 /100

Very Bikeable

  • Most errands can be accomplished on bike.
77 /100
Map of 106 Lake Shore Drive, Toronto
K-8

The Holy Trinity Catholic School

Elementary: Catholic
1.08 km
JK-5

Twentieth Street Junior School

Elementary: Public
1.32 km
JK-5

Seventh Street Junior School

Elementary: Public
0.51 km
JK-8

St Teresa Catholic School

Elementary: Catholic
0.62 km
JK-8

Second Street Junior Middle School

Elementary: Public
1.07 km
JK-8

John English Junior Middle School

Elementary: Public
2.02 km
Pre-Grade 9-12

Etobicoke Year Round Alternative Centre

Secondary: Public
5.74 km
9-12

Lakeshore Collegiate Institute

Secondary: Public
1.42 km
9-12

Etobicoke School of the Arts

Secondary: Public
3.98 km
9-12

Etobicoke Collegiate Institute

Secondary: Public
6.29 km
9-12

Father John Redmond Catholic Secondary School

Secondary: Catholic
0.99 km
9-12

Bishop Allen Academy Catholic Secondary School

Secondary: Catholic
4.33 km

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40 Cavell Avenue, Toronto | MLS: W9767744
For Sale
1 month ago
$2,899,000
  • 6 bath
  • 9 bed

40 Cavell Avenue, Toronto, Ontario • M8V 1P2 • Mimico