2847 Lake Shore Boulevard West, Toronto | Image 1

2847 Lake Shore Boulevard West

Toronto, New Toronto

  • Commercial

$12,600,000
For Sale

Added 2 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: CR

  • Age: No Data

  • Taxes: 52825

  • MLS®#: W8032224

  • Days on Site: 66 Days

  • Added: Jan 30, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour 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 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 rooms 6 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. Also for sale with 2869 Lake Shore Blvd W >> own most of the block

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

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Area: Toronto

  • Community: New Toronto

  • Availability Date: Tenanted

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

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: N

Map of 2847 Lake Shore Boulevard West, Toronto
K-8

The Holy Trinity Catholic School

Elementary: Catholic
1.27 km
JK-5

Seventh Street Junior School

Elementary: Public
0.24 km
JK-8

St Teresa Catholic School

Elementary: Catholic
0.61 km
JK-8

St Leo Catholic School

Elementary: Catholic
1.53 km
JK-8

Second Street Junior Middle School

Elementary: Public
0.37 km
JK-8

John English Junior Middle School

Elementary: Public
1.33 km
Pre-Grade 9-12

Etobicoke Year Round Alternative Centre

Secondary: Public
5.36 km
9-12

Lakeshore Collegiate Institute

Secondary: Public
1.37 km
9-12

Etobicoke School of the Arts

Secondary: Public
3.29 km
9-12

Etobicoke Collegiate Institute

Secondary: Public
5.67 km
9-12

Father John Redmond Catholic Secondary School

Secondary: Catholic
1.37 km
9-12

Bishop Allen Academy Catholic Secondary School

Secondary: Catholic
3.65 km
2847 Lake Shore Boulevard West, Toronto | MLS: W8032220
For Sale
2 months ago
$12,600,000
  • 0 bath
  • 0 bed

2847 Lake Shore Boulevard West, Toronto, Ontario • M8V 1H8 • New Toronto

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For Sale
2 months ago
$13,800,000
  • 0 bath
  • 0 bed

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