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2847 LAKE SHORE BLVD W, Toronto, Ontario, M8V1H8

2847 LAKE SHORE BLVD W, Toronto, Ontario, M8V1H8 (ID W8032220)
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373

$12,600,000 - For sale

ID#:W8032220

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. Full address: 2847-2857 Lake Shore Blvd W. 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 / Enviro report available Marketing package upon request. Tours by app only (id:2471)

Property Details
  • Property Address:2847 LAKE SHORE BLVD W, Toronto, Ontario, M8V1H8
  • Property Type:Business
  • Community Name:New Toronto
  • Lot Size:101 x 100 FT
  • Water Type:Municipal water
Structure Details for 2847 LAKE SHORE BLVD W, Toronto, Ontario, M8V1H8
  • Floor Space:13850 sqft
  • Cooling Type:Fully air conditioned
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373
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2847 LAKE SHORE BLVD W, Toronto, Ontario, M8V1H8

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