2898 Lake Shore Boulevard W Toronto (New Toronto), Ontario M8V 1J2
$2,690,000
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. (id:41954)
Property Details
| MLS® Number | W12244513 |
| Property Type | Retail |
| Community Name | New Toronto |
| Parking Space Total | 2 |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 3789 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 90 Ft |
| Size Frontage | 42 Ft |
| Size Irregular | 42 X 90 Ft |
| Size Total Text | 42 X 90 Ft |
| Zoning Description | Cr3 |
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June 25 2025 04:55:27
Toronto Real Estate Board
RE/MAX Premier Inc.