$2,600,000
Available - For Sale
Listing ID: W11916464
8 Lake Shore Driv , Toronto, M8V 1Z1, Toronto
| Located on a quiet cul de sac, across the road from the Lake in New Toronto. A great investment opportunity in a well-managed and maintained 11-unit building, with six 2-bedroom units and five 1-bedroom units. There are 7 surface parking units, coin-op laundry, and separate hydro meters. Upgraded gas boiler and windows. High demands area, steps to transit, shops, school, parkland, and the Lake. Lots of upside. The property is being sold in conjunction with 6 Lake Shore Dr (six units) on MLS. |
| Price | $2,600,000 |
| Taxes: | $20110.21 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 8 Lake Shore Driv , Toronto, M8V 1Z1, Toronto |
| Postal Code: | M8V 1Z1 |
| Province/State: | Toronto |
| Legal Description: | LT1 & PT LT 2, PL 1783, AS IN TB17352; E |
| Lot Size: | 30.00 x 104.73 (Feet) |
| Directions/Cross Streets: | Lake Shore Dr/ First |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 5274.31 |
| Total Area Code: | Square Feet |
| Area Influences: | Greenbelt/Conse Public Transit |
| Financial Statement: | T |
| Gross Income/Sales: | $166580 |
| Operating Expenses: | $48510 |
| Net Income Before Debt: | $118070 |
| Year Expenses: | 2022 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 11 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Gaurang Shah
Licenced Realtor
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416-841-0587
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto W06 |
| Neighbourhood: | New Toronto |
| Lot Size: | 30.00 x 104.73(Feet) |
| Tax: | $20,110.21 |
| Baths: | 11 |
| Fireplace: | N |
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