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2898 Lake Shore BLVD W Toronto W06, ON M8V 1J2
3,789 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,789 sqft
Price per Sqft $709
Subdivision New Toronto
MLS Listing ID W12244513
Annual Tax Amount $19,805
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Exceptional Investment Property Located In The Heart Of Rapidly Growing New Toronto. This Fully Tenanted, Turnkey Building Features All Premium Commercial Tenants Across Both The Main And Second Floors, Offering Stable Income With No Residential Tenant Concerns. Each Unit Has Been Recently Renovated Or Is In Excellent Condition, With Top-Of-The-Line Mitsubishi Heat Pump Systems Throughout For Energy-Efficient Climate Control And Reduced Heating Costs. All Units Are Separately Metered For Hydro. Ideally Situated Just Steps From Transit, Parks, And The Waterfront, This High-Exposure Corner Site Is Perfectly Positioned For Future Mid-Rise Redevelopment With Potential For Ground-Floor Retail And 2530 Residential Units Above. Attractive Opportunity For Developers Seeking Cmhc Financing And Investors Targeting Strong Roi In A Dynamic And Appreciating Neighborhood.
Location
Province ON
County Toronto
Community New Toronto
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 42.0
Lot Depth 90.0
Others
Security Features No
Listed by RE/MAX PREMIER INC.
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada