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2709 Lake Shore Dr 6 Unit Apartment Building $2,104,285 USD ($350,714 USD/Unit) Toronto, ON M8V 1G8
Investment Highlights
- a well-maintained, legal six-unit apartment building
- Committee of Adjustment Approval allows reconfiguration into nine one-bedroom units
- Profitable Investment Opportunity
- Strong upside potential
- Coin-operated laundry, keyless/keyscan entry, separate hydro meters, security cameras
Executive Summary
Discover a rare investment opportunity in South Etobicoke, just steps from Lake Ontario. 2709 Lake Shore is a well-maintained, legal six-unit apartment building (five two-bedroom units and one one-bedroom unit) with strong upside potential: Committee of Adjustment Approval allows reconfiguration into nine one-bedroom units and one two-bedroom unit. Ideally situated near Royal York Road and Lake Shore Boulevard, the property is only 10 minutes from downtown Toronto and offers two garage spaces plus three outdoor parking spots. Residents will enjoy being only steps away from and overlooking Lake Ontario, providing scenic views. The building can be operated as a traditional rental building or as an Airbnb operation. It is a very profitable investment. Extras: Basement common laundry area; keyless/keyscan entry, separate hydro meters, security cameras
Property Facts
| Price | $2,104,285 USD | Building Class | C |
| Price Per Unit | $350,714 USD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,780 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RA - Residential Apartment | ||
| Price | $2,104,285 USD |
| Price Per Unit | $350,714 USD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,780 SF |
| No. Stories | 3 |
| Year Built | 1954 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | RA - Residential Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
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2709 Lake Shore Dr
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