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3263 Lake Shore Blvd W 10 Unit Dormitory $2,887,514 USD ($288,751 USD/Unit) Toronto, ON M8V 1M2
Investment Highlights
- 10-unit apartment building
- Highly-profitable investment opportunity
- Two-minute walk from Humber College Campus
- Excellent condition building
- Versatile Investment Opportunity
Executive Summary
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 4 approved).
Property Facts
| Price | $2,887,514 USD | Apartment Style | Low-Rise |
| Price Per Unit | $288,751 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 10 | Building Size | 7,707 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Dormitory | Year Built | 1946 |
| Zoning | C1-AV - Commercial Avenues | ||
| Price | $2,887,514 USD |
| Price Per Unit | $288,751 USD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,707 SF |
| No. Stories | 3 |
| Year Built | 1946 |
| Zoning | C1-AV - Commercial Avenues |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
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3263 Lake Shore Blvd W
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