2847 Lake Shore BLVD W Active

Toronto W06,ON M8V 1H8

$ 7550000

- Bed

- Bath

10988 SqFt


Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,988 sqft

Price per Sqft $687

MLS Listing ID W9244138

Annual Tax Amount $39,992

Tax Year 2024

Property Description

MIXED-USE RETAIL INVESTMENT / 61 ft corner / 10,988 SF / 3 commercial units on ground floor / 1 commercial unit in basement / 9-suite boutique Hotel operation on second floor / great cash flows. BASEMENT LEASE: Portion of Basement leased as Adult Entertainment Club / Rare Adult Entertainment Club Licence > 1 of 6 left in the City. HOTEL: The Hotel operation earns $$$ > has much upside in occupancy and cash flows. RENOVATED top to bottom / new roof / new HVAC / renovated hotel rooms. PARKING: Parking along Lake Shore and Fourth St / Green-P parking lot on Fifth St. LOCATION: High traffic location / fronting 24HR Streetcar / minutes to Mimico GO Station / minutes to Gardiner Expy and Hwy 427. Also for sale with 2849-2853 Lake Shore Blvd W >> own most of the block.

Location

Province ON

County Toronto

Community New Toronto

Area Toronto

Region New Toronto

City Region New Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features Yes

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