Added 10 months ago
-
Type: Investment
-
Property Type: Commercial
-
Business Type: Hotel/Motel/Inn
-
Zoning: CR
-
Age: No Data
-
Taxes: 52825
-
MLS®#: W8032220
-
Days on Site: 321 Days
-
Added: Jan 30, 2024 (10 months ago)
-
Updated:
-
Last Checked: 2 hours ago
-
Listed By: INTERNATIONAL REALTY FIRM, INC.
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 years. The Hotel operation 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
Property
Status: Sale
Type: Hotel/Motel/Inn
Property Type: Investment
Property Type: Accommodation
Area: Toronto
Community: New Toronto
Availability Date: Tenanted
Assessment Year: 2023
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Taxes: $52,825
Taxes Type: Annual
Land
Cross Street: Fourth St
Municipality District: Toronto W06
Lot Depth: 100 Feet
Lot Frontage: 101 Feet
Zoning: CR
Commercial Specific
Retail Area: 7850
Retail Area Metric: Sq Ft Divisible
Sprinklers: Y
Total Area: 13850
Total Area Metric: Sq Ft Divisible
Office Size: 6000
Office Size Metric: Sq Ft Divisible
Lot Code: Lot
The Holy Trinity Catholic School
Elementary: CatholicSeventh Street Junior School
Elementary: PublicSt Teresa Catholic School
Elementary: CatholicSt Leo Catholic School
Elementary: CatholicSecond Street Junior Middle School
Elementary: PublicJohn English Junior Middle School
Elementary: PublicEtobicoke Year Round Alternative Centre
Secondary: PublicLakeshore Collegiate Institute
Secondary: PublicEtobicoke School of the Arts
Secondary: PublicEtobicoke Collegiate Institute
Secondary: PublicFather John Redmond Catholic Secondary School
Secondary: CatholicBishop Allen Academy Catholic Secondary School
Secondary: Catholic
- 0 bath
- 0 bed
2847-53 Lake Shore Boulevard West, Toronto, Ontario • M8V 1H8 • New Toronto
