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2898 Lake Shore Boulevard W Toronto, Ontario M8V 1J2

3789 sqft
Fully Air Conditioned Forced Air

$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:60365)

Property Details

MLS® Number W12244513
Property Type Retail
Community Name New Toronto
ParkingSpaceTotal 2

Building

CoolingType Fully Air Conditioned
HeatingFuel Electric
HeatingType Forced Air
SizeInterior 3789 Sqft
Type Residential Commercial Mix
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 90 Ft
SizeFrontage 42 Ft
SizeIrregular 42 X 90 Ft
SizeTotalText 42 X 90 Ft
ZoningDescription Cr3

https://www.realtor.ca/real-estate/28519004/2898-lake-shore-boulevard-w-toronto-new-toronto-new-toronto

Ray Rezapoor
Broker

RE/MAX Premier Inc.
9100 Jane St Bldg L #77
Vaughan, Ontario L4K 0A4

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June 25 2025 04:55:27

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