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3409 Lake Shore Blvd W

3,316 SF Retail Building Toronto, ON M8W 1N2 $870,540 USD ($262.53 USD/SF) 4.48% Cap Rate

INVESTMENT HIGHLIGHTS

  • New roof, insulation, waterproofing, upgraded plumbing & electrical
  • High vehicular & pedestrian traffic with Green P parking
  • Over $450,000 in recent renovations

EXECUTIVE SUMMARY

This fully renovated retail space offers 2,556 sq. ft. on the main floor, coupled with a 760 sq. ft. renovated lower level, perfect for various business ventures. With 25 ft of frontage and 115 ft depth, the property boasts over $450,000 in recent renovations, including a new roof, insulation, waterproofing, and upgraded plumbing and electrical systems. Located in a high-traffic area with great signage visibility, this property offers excellent exposure. The Green P parking right in front adds convenience for customers. Ideal for long-term investment with redevelopment potential, currently generating $56,000 in annual NOI. 75% VTB available.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,316 SF
Building Class
C
Year Built
1917
Price
$870,540 USD
Price Per SF
$262.53 USD
Cap Rate
4.48%
NOI
$39,000 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.07 AC
Zoning
CR - Commercial zone.
Frontage
24’ on Lake Shore Blvd

AMENITIES

  • Signage
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Tim Hortons
9round Fitness
Starbucks
Extreme Pita
Osmow's
TD Canada Trust
Hero Certified Burgers
No Frills
Royal Bank of Canada
Holiday Market
  • Listing ID: 33946413

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 3409 Lake Shore Blvd W, Toronto, ON M8W 1N2

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