8 Lake Shore Drive, Toronto | Image 1

8 Lake Shore Drive

Toronto, Mimico

  • Commercial

$2,900,000
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RM(d1*480)

  • Age: No Data

  • Taxes: 20110.21

  • MLS®#: W11916464

  • Days on Site: 2 Days

  • Added: Jan 07, 2025 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Located on a quiet cul de sac, across the road from the Lake in New Toronto. A great investment opportunity in a well-managed and maintained 11-unit building, with six 2-bedroom units and five 1-bedroom units. There are 7 surface parking units, coin-op laundry, and separate hydro meters. Upgraded gas boiler and windows. High demands area, steps to transit, shops, school, parkland, and the Lake. Lots of upside. The property is being sold in conjunction with 6 Lake Shore Dr (six units) on MLS.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 118070

  • Area: Toronto

  • Community: Mimico

  • Availability Date: TBA

Inside

  • Bathrooms: 11

  • Air Conditioning: N

  • Washrooms: 11

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT1 & PT LT 2, PL 1783, AS IN TB17352; ETOBICOKE CITY

  • Taxes: $20,110

  • Expenses: Act

  • Operating Fees: 48510

  • Taxes Type: Annual

  • Tax Year: 2022

Land

  • Cross Street: Lake Shore Dr/ First

  • Municipality District: Toronto W06

  • Parcel Number: 076120079

  • Sewer: Sanitary

  • Lot Depth: 104.73 Feet

  • Lot Frontage: 30 Feet

  • Lot Irregularities: 104.73 X 35.05X30.04X

  • Zoning: RM(d1*480)

Additional Media

  • Virtual Tour: https://unbranded.youriguide.com/6_lake_shore_dr_toronto_on

Commercial Specific

  • Sprinklers: N

  • Total Area: 5274.31

  • Total Area Metric: Sq Ft

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Public Transit

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 166580

Map of 8 Lake Shore Drive, Toronto
JK-5

George R Gauld Junior School

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2.12 km
JK-5

Seventh Street Junior School

Elementary: Public
0.53 km
JK-8

St Teresa Catholic School

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St Leo Catholic School

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Second Street Junior Middle School

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John English Junior Middle School

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1.19 km
9-12

The Student School

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Lakeshore Collegiate Institute

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Etobicoke School of the Arts

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Etobicoke Collegiate Institute

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5.75 km
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Father John Redmond Catholic Secondary School

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1.67 km
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Bishop Allen Academy Catholic Secondary School

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