$1,375,000

2802 Lake Shore Blvd W

New Toronto, Toronto, Ontario, M8V 1H5

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Notable corner between Royal York and Islington. 100% occupied by national tenant (Money Mart). Single storey building plus basement, with Committee of Adjustments Approval for 2nd & 3rd floor additions, with up to 8 self contained apartments. Potential to build with cash flow from retail tenant. Rental income $36,729/annum NET plus TMI, with current rent renewal in progress for 5 year option term. Great rear parking with large frontage and amazing corner exposure. Carefree net lease investment. Full height Lower Level is presently vacant & not included in Money Mart Lease. Lease out and increase NOI if separate entranceway to lower level built. Money Mart Lease Final Extension Renewed until March 2028 at rents averaging $59,200 per annum NET.

Property Info
MLS®: W7276906
Listing Courtesy of CUSHMAN & WAKEFIELD
Total Bedrooms 0
Total Bathrooms 0
Basement Y
Floor Space 0 sq.ft.
Lot Size 2456 sq.ft.
Style other
Last Updated 2024-09-10
Property Type Commercial/Retail
Listed Price $1,375,000
Unit Pricing $1,375,000/sq.ft.
Strata Fee $0.00
Tax Estimate $16,928/Year
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