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Asking Price:

$12,600,000

Ref# W8032224

Available for Sale » Commercial | Commercial/Retail
2847 Lake Shore Blvd W (Fourth St)
New Toronto, Toronto
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
Property Features
  • Office/Apt Area: 6000 Sq Ft Divisible
  • Retail Area: 7850 Sq Ft Divisible
  • Total Area: 13850 Sq Ft Divisible
  • Land Size: 101.00 x 100 Feet
  • Estimated annual taxes: $52825 (2023)
  • Commercial/Retail / Multi-Use
  • Zoning: CR
  • Parking: Outside/Surface
  • Air Conditioning, Gas Forced Air Closd Heating
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Brokered By: INTERNATIONAL REALTY FIRM, INC.
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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
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Brokered By: INTERNATIONAL REALTY FIRM, INC.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Request More Information #W8032224
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Request More Information #W8032224
Property Rooms
Floor Room Dimensions Description
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We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Appointment Request #W8032224
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
Appointment Request #W8032224