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106 Lake Shore Dr Toronto, Ontario M8V 2A2

9 Bedroom 8 Bathroom
Hot Water Radiator Heat

$2,650,000

Don't Miss This Fantastic Opportunity. Wonderful 50 X 120 Ft Building Lot On The Most Desirable And Best Waterfront Street In Lakeshore Village. Currently Occupying The Lot Is An Original 8 Plex Building In Need Of Major Renovation With 3 Vacant Units, Potential Gross With New Rents Is Approximately $128,000, Potential Net Approximately$ 101,000, For A 4 + Cap Rate. Building Has A New Roof, And 2 New Boilers. Attention Buyers. There Are 3 Ways To Buy This Property. 1) Buy Now, Knock Down And Build 2 Detached Homes As Is Happening On The Street Or 2) Buy Now, Hold Onto The Old 8 Plex, For 2-3 Years, Bring In Approximately $101,000 Net Per Year, Without Spending Money On It, Then Knock Down And Build, Or 3 ) Renovate The Entire Building And Get Higher Rents And A Vtb Mortgage!**** EXTRAS **** 8 Fridges, 8 Stoves, 1 Washer, 1 Dryer, 7X 1 Bedroom, 1X2 Bedroom, 8 Parking Spots. Gross Income (2021) & $98,822.04. Note: 2 Apartments Will Be Vacant. (id:31565)

Property Details

MLS® Number W5719430
Property Type Multi-family
Community Name New Toronto
Amenities Near By Park, Public Transit
Community Features Community Centre
Parking Space Total 8

Building

Bathroom Total 8
Bedrooms Above Ground 9
Bedrooms Total 9
Basement Features Apartment In Basement
Basement Type N/a
Exterior Finish Brick
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 2
Type Other

Land

Acreage No
Land Amenities Park, Public Transit
Size Irregular 50 X 120 Ft
Size Total Text 50 X 120 Ft
Surface Water Lake/pond

https://www.realtor.ca/real-estate/24733702/106-lake-shore-dr-toronto-new-toronto

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