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International Realty Firm, Inc., Brokerage*

Olga Timofeeva
Sales Representative
Office Phone: 647-313-3400
Direct: 647-393-9000
www.buysellhousecashback.com

International Realty Firm, Inc., Brokerage*
Pic_of_house
Status:
For Sale
Property Price:
$9,950,000
Business Type:
Hotel/Motel/Inn
Property Type:
Investment
Cross Street:
Fourth St
Heating:
Gas Forced Air Closd
Financial Statement:
No
Freestanding:
No
Front Footage:
101
Industrial Area:
0
Total Size:
13850 Sq Ft Divisible
Type Taxes:
Annual
Zoning:
CR
Lot Size:
101 X 100 Feet
Garage/Parking Type:
Outside/Surface
Water:
Municipal
Remarks:

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.

1st Floor: 7,850 SF / 4 retail units 2nd Floor: 6,000 SF / Hotel / Rooftop Patio Basement: 7,850 SF / ~3,000 SF leased as retail unit Roof top HVAC / New roof / Enviro report available Marketing package upon request. Tours by app only

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Olga  Timofeeva, Sales Representative

International Realty Firm, Inc., Brokerage*

Olga Timofeeva
Sales Representative
Office Phone: 647-313-3400
Direct: 647-393-9000
www.buysellhousecashback.com

International Realty Firm, Inc., Brokerage*
House 0 House 1