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$9,950,000
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :W8032224 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :16 Dec, 2024 (5 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M8V 1H8
|
| Price | : $9,950,000 |
|---|---|
| Property Taxes | :$52825.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Fourth St |
|---|
| Fireplace/Stove | :No |
|---|
07 Aug, 2024
TREB #W9244138
Available
$7550000.0
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