Property Description for 2898 LAKE SHORE BOULEVARD W
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 (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: W12293147
Property Features
Property Type
: CommercialSquare Footage
: 3,789 SQFT
Interior Features
Heating
: ["Forced air", "Electric"]
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