Masoud Ahangar
Broker
$12,600,000
Available - For Sale
Listing ID: W8032224
2847 Lake Shore Blvd West , Toronto, M8V 1H8, Ontario
| 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 |
| Price | $12,600,000 |
| Taxes: | $52825.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 2847 Lake Shore Blvd West , Toronto, M8V 1H8, Ontario |
| Postal Code: | M8V 1H8 |
| Province/State: | Ontario |
| Lot Size: | 101.00 x 100.00 (Feet) |
| Directions/Cross Streets: | Fourth St |
| Category: | Multi-Use |
| Building Percentage: | N |
| Total Area: | 13850.00 |
| Total Area Code: | Sq Ft Divisible |
| Office/Appartment Area: | 6000 |
| Office/Appartment Area Code: | Sq Ft Divisible |
| Retail Area: | 7850 |
| Retail Area Code: | Sq Ft Divisible |
| Financial Statement: | N |
| Chattels: | Y |
| Sprinklers: | Y |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Masoud Ahangar
Broker
Dir:
416-409-9369
Bus:
647-763-6474
Fax:
888-280-3737
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | New Toronto |
| Lot Size: | 101.00 x 100.00(Feet) |
| Tax: | $52,825 |
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