ON > Toronto W06 > New Toronto
Toronto W06, ON M8V 1J2,2898 Lake Shore BLVD W
Toronto W06, ON M8V 1J2,2898 Lake Shore BLVD W
Toronto W06, ON M8V 1J2,2898 Lake Shore BLVD W
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,690,000
Est. payment /mo
3,789 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,789 sqft

Price per Sqft $709

Subdivision New Toronto

MLS Listing ID W12293147

Annual Tax Amount $19,805

Tax Year 2024

Property Sub-Type Store W Apt/Office

Lot Depth 90.0

Lot Front 42.0

Property Description

Exceptional investment property located in the heart of rapidly growing New Toronto. This fully tenanted, turnkey building features all premium commercial tenants across both the main and second floors, offering stable income with no residential tenant concerns. Each unit has been recently renovated or is in excellent condition, with top-of-the-line Mitsubishi heat pump systems throughout for energy-efficient climate control and reduced heating costs. All units are separately metered for hydro. Ideally situated just steps from transit, parks, and the waterfront, this high-exposure corner site is perfectly positioned for future mid-rise redevelopment with potential for ground-floor retail and 25-30 residential units above. Attractive opportunity for developers seeking CMHC financing and investors targeting strong ROI in a dynamic and appreciating neighbourhood

Location

Province ON

County Toronto

Community New Toronto

Area Toronto

Zoning CR3

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 42.0

Lot Depth 90.0

Others

Security Features No

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Listed by RE/MAX PREMIER INC.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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