TRUSTED SERVICE... FROM... SALE TO SOLD
September 8th, 2010 
MARC BATTISTA
Sales Representative
Phone: 905-828-1122
Cell: 905-510-2244
Fax: 905-828-7925
E-mail: marc@marcbattista.com
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MLS® # W1827025
Title: EXCELLENT TORONTO INVESTMENT INCOME PROPERTY WITH 8.30% CAP RATE
Address: 2879 Lake Shore Blvd West, Toronto, M8V1J1, Ontario
Status:  Sold
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Area: New Toronto
Major Intersection: Lake Shore Blvd West/Islington Ave
Property Type: Store W/Apt/Office
Description: Excellent Investment Property In New Toronto. Building Shows Very Well And Features 3417 Sq.Ft Of Main Commercial Space Leased To The Same Tenant For The Past 22 Years & 5 Apartments (3 X 2 Bdrms, 1 X 1 Bdrm & 1 Bachelor) Plus over 3400 Sq.Ft Of Basement Space Not Included In Sq Footage.

Property Is Fully Leased With Approx $101,000 In Gross Income & just under $77,000 In Net Income. The Building Is Very Well Kept & Has Potential For Extra Revenue.

Property has Very Stable Tenants. Great ROI At 8.30% Cap Rate & Potential To Increase Income. Includes 5 Fridges, 5 Stoves, 5 H.W.T(Owned) & 1 Commercial Washer & Dryer. Half Of The Roof Redone In 2009.

Possession date: Flexible
Home style: Store With 5 Apts
Year built: 1929
Square feet: 6,834
Parking type: None
Lot size / Acreage: 36.00 x 100.00 FEET
Exterior finish: Brick/Stucco
Disclosure Statement: Although the Information displayed is believed to be accurate, no warranties or representations are made of any kind.
Brokered & Advertised by: Royal LePage Real Estate Services Ltd., Brokerage
 
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