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8 Lake Shore Drive
Mimico Toronto M8V 1Z1

$2,900,000 /For Sale
Commercial

Main Photo: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
Photo 1: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
Photo 2: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
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Photo 22: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
Photo 23: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
Photo 24: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
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Photo 26: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W11916464
Photo 27: 8 Lake Shore Drive in Toronto: Mimico Property 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
Commercial Type:
Investment
Depth:
104'8¾"
Frontage:
30'
Total Area:
5,274.31 sq. ft.
Bathrooms:
11.0
Zoning:
RM(d1*480)
Heating type:
Gas Hot Water
Basement:
Full
Garage:
None
Total Parking Spaces:
7
Possession Details:
TBA
Lot Irregularities:
104.73 X 35.05X30.04X65.09X132X4.68 4.68
Taxes:
$20,110.21 / 2024
Assessment:
$- / -
Mimico
Greenbelt/Conservation, Public Transit
None
Utilities:
Y
Water supply:
Municipal
Sewer:
Sanitary
Seller Property Info Statement:
No
Air Conditioning:
N
Log/Bldg/Unit Code:
Lot
Sprinklers:
No
Type Taxes:
Annual
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Financial Statements:
Yes
Freestanding:
Yes
Gross income:
$166,580
Expenses Actual/Estimated:
Actual
Operating Expenses:
$48,510
Year Expenses:
2022
Net Income Before Debt:
$118,070
Date Listed:
Jan 10, 2025
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated February 5, 2025 at 11:55 AM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.