- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- W8032224
- Photos (2)
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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 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.
- Fourth St
- Property Type:
- Commercial
- Commercial Type:
- Commercial/Retail
- 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:
- $- / -
- Utilities:
- Y
- Water supply:
- Municipal
- Seller Property Info Statement:
- No
- Air Conditioning:
- Y
- Chattels:
- Yes
- Log/Bldg/Unit Code:
- Lot
- Sprinkler system:
- Yes
- Type Taxes:
- Annual
- Category:
- Multi-Use
- Financial Statements:
- No
- Freestanding:
- No
- Date Listed:
- Jan 31, 2024
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Photo 1 of 2 -
Photo 2 of 2
Listed by INTERNATIONAL REALTY FIRM, INC.
Data was last updated October 31, 2024 at 11:55 PM (UTC)
- WEI WANG
- Bay Street Group Inc.
- 1 (647) 9147337
- Contact by Email
Wei Wang @ Bay Street Group Inc. Brokerage
Location
#500 – 8300 Woodbine Ave
Markham, ON L3R9Y7