Hotels/Motels

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2847 Lake Shore Boulevard W
New Toronto Toronto M8V 1H8

$9,950,000 /For Sale
Commercial

Main Photo: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 1: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 2: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 3: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 4: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 5: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Photo 6: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W8032220
Bus Major:
Hotel/Motel/Inn
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.
Fourth St
Property Type:
Commercial
Commercial Type:
Investment
Depth:
100'
Frontage:
101'
Total Area:
13,850 sq. ft.
Office/Apt Area:
6,000 sq. ft.
Retail Area:
7,850 sq. ft.
Zoning:
CR
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
Outside/Surface
Possession Details:
Tenanted
Taxes:
$52,825 / 2023
Assessment:
$- / 2023
Utilities:
Y
Water supply:
Municipal
Seller Property Info Statement:
No
Air Conditioning:
Y
Log/Bldg/Unit Code:
Lot
Sprinkler system:
Yes
Type Taxes:
Annual
Category:
Accommodation
Major Business Type:
Hotel/Motel/Inn
Freestanding:
No
Date Listed:
Jan 31, 2024
Original Price:
Previous Price:
  • Photo 1: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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  • Photo 2: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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  • Photo 3: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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  • Photo 4: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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  • Photo 5: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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  • Photo 6: 2847 Lake Shore Boulevard W in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W8032220
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Listed by INTERNATIONAL REALTY FIRM, INC.
Data was last updated July 22, 2024 at 11:55 PM (UTC)