Sales Representative

8 Lake Shore Drive
New Toronto Toronto M8V 1Z1

$2,600,000 /For Sale
Commercial

Main Photo: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 1: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 2: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 3: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 4: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 5: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 6: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 7: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
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Photo 20: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 21: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 22: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 23: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 24: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 25: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 26: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Photo 27: 8 Lake Shore Drive in Toronto: New Toronto Commercial for sale (Toronto W06) : MLS®# W11916464
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W11916464
Bus Major:
Apts - 6 To 12 Units
Located on a quiet cul de sac, across the road from the Lake in New Toronto. A great investment opportunity in a well-managed and maintained 11-unit building, with six 2-bedroom units and five 1-bedroom units. There are 7 surface parking units, coin-op laundry, and separate hydro meters. Upgraded gas boiler and windows. High demands area, steps to transit, shops, school, parkland, and the Lake. Lots of upside. The property is being sold in conjunction with 6 Lake Shore Dr (six units) on MLS.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
5274 sq. ft. Square Feet
Total Area:
5,274.31 sq. ft.
Depth:
104'8¾"
Frontage:
30'
Bathrooms:
11.0
Water supply:
Municipal
Zoning:
RM(d1*480)
Heating type:
Gas Hot Water
Garage:
None
Parking Spaces:
7
Possession Details:
TBA
Lot Irregularities:
104.73 X 35.05X30.04X65.09X132X4.68 4.68
HST Applicable To Sale Price:
Included
Type Taxes:
Annual
Taxes:
$20,110.21 / 2024
Assessment:
$- / -
Toronto W06
New Toronto
Toronto
Greenbelt/Conservation, Public Transit
No
11 fridges, 11 stoves, hwg boiler, hot water tank, coin-op washer and dryer
None
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$166,580
Net Income Before Debt:
$118,069.97
Expenses Actual/Estimated:
Actual
Operating Expenses:
$48,510.21
Year Expenses:
2022
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Jan 10, 2025
Original Price:
$2,900,000
Previous Price:
$2,900,000
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Data was last updated April 10, 2025 at 03:15 AM (UTC)
The enclosed information while deemed to be correct, is not guaranteed.
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