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W5957748
$3,490,000

2961 Lake Shore Blvd W (Lakeshore Blvd W/Islington)

Price: $3,490,000

Status: For Sale 

MLS®#: W5957748

$3,490,000
  • Tax: $29,000/Annual (2023)
  • Community:New Toronto
  • City:Toronto
  • Type:Commercial
  • Style:Investment
  • Size: 6,350 Sq Ft
  • Basement:Y
  • Garage:Outside/Surface

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsMunicipal

Listing Contracted With: CENTURY 21 BEST SELLERS LTD.

Description

Fantastic Building In Fantastic Location. Commercial Unit Below With 4 Apartments Above. HUGE BASEMENT with More Residential Possible. All Separately Metered and Renovated. Located In The "New Toronto Development Area" On Lakeshore Blvd W. Close To 2 New Condo Projects, Walking Distance To Humber College(Potential Tenants) & To The Lake. Surrounded With 15-20 Condo Towers Existing And Future Builds Along Lakeshore With Skyline Views. Successful Restaurant Below With Fully Licensed LLBO. Potential To Build Additional Stories Above. Excellent Cap Rate of 3.5%. With Huge Upswing Potential.


Highlights

Three 1 Bedroom Units 1 Bachelor Unit. All Units Have Been Recently Renovated With Hardwood Flooring/New Appliances, Roof Done In 2014. Parking For Two Cars In The Back With Plenty Of Street Parking.

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Bart Nieweglowski

REALTOR - Real Estate Professional

Century 21 Best Sellers Ltd.

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/