3263 Lake Shore Blvd W - Dormitory FOR SALE


Toronto, ON M8V 1M2- Long Branch
$3,999,900 CAD
416-236-1871
3263 Lake Shore Blvd W, Toronto, ON for Sale
$3,999,900 CAD
Dormitory - FOR SALE
1/38
null | Request Cap Rate

3263 Lake Shore Blvd W
Toronto, ON M8V 1M2
Long Branch


HIGHLIGHTS

  • 10-unit apartment building
  • Excellent condition building
  • Highly-profitable investment opportunity
  • Versatile Investment Opportunity
  • Two-minute walk from Humber College Campus

OVERVIEW

This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant baseis primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Keyscan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4 approved).

FOR SALE DETAILS

PRICE

$3,999,900 CAD

PRICE/SF

$1,087 CAD /SF

# OF UNITS

10

PRICE/UNIT

$399,990

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C1-AV

APN/PARCEL ID

CUSTOM-4190043

ASK ABOUT THIS PROPERTY

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.

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.