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8 Lake Shore Drive
Mimico Toronto M8V 1Z1

$3,390,000 /For Sale
Commercial

Main Photo: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Photo 1: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Photo 2: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
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Photo 22: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Photo 23: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Photo 24: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
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Photo 26: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Photo 27: 8 Lake Shore Drive in Toronto: Mimico Property for sale (Toronto W06) : MLS®# W7309280
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W7309280
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, 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.
Lake Shore Dr/ First
76120079
Property Type:
Commercial
Commercial Type:
Investment
Depth:
104'8¾"
Frontage:
30'
Total Area:
5,274.31 sq. ft.
Zoning:
RM(d1*480)
Heating type:
Gas Hot Water
Basement:
Full
Garage:
None
Total Parking Spaces:
7
Lot Irregularities:
104.73 X 35.05X30.04X65.09X132X4.68 4.68
Taxes:
$19,286 / 2023
Assessment:
$- / -
Utilities:
Y
Energy Certification:
No
Water supply:
Municipal
Sewer:
Sanitary
Seller Property Info Statement:
No
Air Conditioning:
N
Log/Bldg/Unit Code:
Lot
Sprinkler system:
No
Type Taxes:
Annual
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Freestanding:
Yes
Gross income:
$155,970
Expenses Actual/Estimated:
Actual
Operating Expenses:
$47,686
Year Expenses:
2022
Net Income Before Debt:
$108,284
Date Listed:
Nov 19, 2023
Original Price:
Previous Price:
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Data was last updated December 4, 2023 at 03:55 PM (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 Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
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