For Sale

2847-53 Lake Shore Boulevard Unit# 2847, Toronto (New Toronto), Ontario M8V1H8

$9,950,000

2847-53 Lake Shore Boulevard Unit# 2847, Toronto (New Toronto), Ontario M8V1H8 is For Sale and has a listing price of 9,950,000. The property is located in the New Toronto neighbourhood. It's been on the website for 317 Days.

  • Retail
    Property Type
  • MLS ID: W8032224
  • Office Name INTERNATIONAL REALTY FIRM, INC.
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 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 rooms6 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: 2847-2853 Lake Shore Blvd W. **** EXTRAS **** 1st Floor: 7,850 SF / 4 retail unitsn2nd Floor: 6,000 SF / Hotel / Rooftop PationBasement: 7,850 SF / ~3,000 SF leased as retail unitnRoof top HVAC / New roofnMarketing package available upon request. Tours by appt (id:43137)

Property Details
  • MLS ID: W8032224
  • Price: $9,950,000
  • Transaction Types: For Sale
  • Ref ID: 26462421
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
01/30/2024 W8032224 $9,950,000 For Sale - -
01/30/2024 W8032220 $9,950,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
New Toronto
  • $1,641,547 Average List Price
    based on 1 year
  • 25 New Listings
    based on 30 days
  • 10 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.22 % Below
  • Sold (12mo) 82
  • Rented (12mo) 100

  • 1 Month Change +27.5%
  • 3 Month Change +73.0%
  • 6 Month Change +8.5%
Walkscore
  • 79 Walk Score
    Very Walkable
  • 64 Transit Score
    Good Transit
  • 78 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    73.76%
  • Commercial
    13.9%
  • Condo
    12.34%
Additional Details
  • Heat Source Natural Gas
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 30/01/2024 00:00:00
  • Zoning 332
  • Agent Name: DANNY SHVARTSMAN
  • Last Updated: 17/12/2024 00:03:18
Open House Dates
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