106 Lake Shore Dr , Toronto

9 Bed / 8 Bath / $2,650,000 / MLS® Listing #:W5719430

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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.

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.

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Property Details

Property Type Multiplex
Property Style 2-Storey
Square Feet
Property Tax $12,767
Maintenance N/A
Days On Our Website 61
Basement Apartment
Kitchens 8
Garages 0.0
Lot Dimensions 50.00 x 120.00
Pool None
Area Toronto
Fireplaces N
Air Conditioning None
Heating Gas - Water
Exterior Brick
Garage Type None
Sewers Sewers
Water Municipal

Room Information

Floor Room Dimensions Description

Bathroom Information

Floor Description
Main 4 x 4 piece
2nd 2 x 4 piece
Bsmt 2 x 4 piece

Listing Office: RE/MAX PROFESSIONALS INC., BROKERAGE

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