2847 Lake Shore Blvd W

Toronto, M8V1H8
For Sale
$12,600,000
2847 Lake Shore Blvd W, Toronto
2847 Lake Shore Blvd W
2847 Lake Shore Blvd W
2847 Lake Shore Blvd W
2847 Lake Shore Blvd W
2847 Lake Shore Blvd W
2847 Lake Shore Blvd W
Multi-Use
CATEGORY
13,850 Sq Ft
TOTAL AREA
W8032224
MLSID
Contact Us
Property Description
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 Details
Category
Multi-Use
Zoning
Cr
Total Area
13,850 Sq Ft
Office/Apartment Area
6,000 Sq Ft
Retail Area
7,850 Sq Ft
Lot Size
101' x 100'
Taxes
$52,825 (2023)
Air Conditioning
Yes
Listing contracted with International Realty Firm, Inc.
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