2847 53 Lake Shore Boulevard W, Toronto W 06
- Living area: 13850 square feet
- Type: Commercial
- Added: 233 days ago
- Updated: 42 days ago
- Last Checked: 38 days ago
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 yearsThe 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 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 Details
- Cooling: Fully air conditioned
- Heating: Forced air, Natural gas
Interior Features
- Living Area: 13850
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: 101 x 100 FT
Location & Community
- Directions: Fourth St
- Street Dir Suffix: West
Business & Leasing Information
- Business Type: Accommodation
Tax & Legal Information
- Tax Year: 2023
- Tax Annual Amount: 52825
- Zoning Description: CR
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