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Property Feature Sheet
Property Feature Sheet
 
 
 
Asking Price: $4,495,000

MLS®: W12742858
Intersection: Lake Shore Blvd W & Kipling Avenue
Municipality: Toronto W06
Area/Region: Toronto
Address: 3263 Lake Shore W Boulevard
Taxes: $11,877.89
Sq. Footage: 3500-5000
Bedrooms: 16
Bathrooms: 11
Kitchens: 10
Laundry: Main Floor
Basement: Apartment
Fire Place: False
Description:
This very profitable legal apartment building comprises ten well-maintained units, strategically situated just two minutes away from Humber College. Its prime location makes it a highly desirable investment for those seeking strong returns and stable demand. The property offers versatility in management, as it can be operated either as a traditional rental or as an Airbnb business. This flexibility provides potential owners with the opportunity to choose the model that best suits their investment strategy and market conditions. The current tenant baseis primarily composed of Humber College students. This revolving tenancy ensures a steady influx of occupants, contributing to the building's consistent profitability year after year. Significant renovations were completed in 2017 and 2019, resulting in the building being in excellent condition. These upgrades have enhanced the property's appeal and ensured that all units meet modern standards. The building is equipped with advanced security and safety amenities, including: Keyless/Keyscan access for secure entry; API fire monitoring system; 24/7 security cameras installed throughout the premises; LED lighting for improved visibility and energy efficiency. A new roof was installed in 2017, providing long-term durability and protection. Additionally, the building features a tankless boiler system, ensuring efficient heating and optimal energy usage for all tenants. The units have separate meters (7 existing and 4approved).

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Royal LePage Real Estate Services Ltd., Brokerage
3031 Bloor Street West - Toronto, Ontario, M8X 1C5
Office (416) 236-1871       Fax (416) 239-5493       Cell (416) 577-0117

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