2898 LAKE SHORE BOULEVARD WEST

Toronto (New Toronto), , M8V1J2, Canada

$2,690,000

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 2530 Residential Units Above. Attractive Opportunity For Developers Seeking Cmhc Financing And Investors Targeting Strong Roi In A Dynamic And Appreciating Neighborhood.

Last updated on : Wednesday 9th of July 2025 12:55:39 PM

ADDRESS

Street : 2898 LAKE SHORE BOULEVARD WEST

City : Toronto (New Toronto)

Country : Canada

Postal Code : M8V1J2

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PROPERTY SUMMARY

Property ID : W12244513

Building Type : Residential Commercial Mix

Property Type : Retail

Parking : 2

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