2709 Lake Shore Dr - Apartments FOR SALE


Toronto, ON M8V 1G8- Mimico
$2,990,000 CAD
416-236-1871
2709 Lake Shore Dr, Toronto, ON for Sale
$2,990,000 CAD
Apartments - FOR SALE
1/39
null | Request Cap Rate

2709 Lake Shore Dr
Toronto, ON M8V 1G8
Mimico


HIGHLIGHTS

  • a well-maintained, legal six-unit apartment building
  • Strong upside potential
  • Committee of Adjustment Approval allows reconfiguration into nine one-bedroom units
  • Coin-operated laundry, keyless/keyscan entry, separate hydro meters, security cameras
  • Profitable Investment Opportunity

OVERVIEW

Discover a rare investment opportunity in South Etobicoke, just steps from Lake Ontario. 2709 Lake Shore is a well-maintained, legal six-unit apartment building (five two-bedroom units and one one-bedroom unit) with strong upside potential: Committee of Adjustment Approval allows reconfiguration into nine one-bedroom units and one two-bedroom unit. Ideally situated near Royal York Road and Lake Shore Boulevard, the property is only 10 minutes from downtown Toronto and offers two garage spaces plus three outdoor parking spots. Residents will enjoy being only steps away from and overlooking Lake Ontario, providing scenic views. The building can be operated as a traditional rental building or as an Airbnb operation. It is a very profitable investment. Extras: Basement common laundry area; keyless/keyscan entry, separate hydro meters, security cameras

FOR SALE DETAILS

PRICE

$2,990,000 CAD

PRICE/SF

$517 CAD /SF

# OF UNITS

6

PRICE/UNIT

$498,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,288 SF

ZONING

RA

APN/PARCEL ID

CUSTOM-4108696

ASK ABOUT THIS PROPERTY

Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

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Ian WilsonRoyal LePage Real Estate Services LtdMore Info
416-236-1871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.