2240 Lake Shore BLVD W #102 Active Save Request In-Person Tour Request Virtual Tour
Toronto W06,ON M8V 0B1
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,147 sqft
Price per Sqft $1,176
Subdivision Mimico
MLS Listing ID W12082526
Condo Fees $489
Annual Tax Amount $13,217
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Rarely Available Renovated Commercial Unit in South Etobicoke! Located along Lake Shore, this 1,147 sq ft commercial space is ideal for a wide variety of uses, including retail, office, or medical services. Excellent exposure and plenty of local foot traffic from many condos in this high demand area - units are almost never for sale. The unit is currently leased to a thriving barbershop through September 2027 (option to renew). Tenant pays: utilities & insurance. Landlord pays property tax & maintenance. Net Operating Income / NOI is $72,948/year. Estimated 5.7% Cap Rate. Owned underground parking spot included. Ideal for investors or end-users seeking a highly visible, renovated commercial space with guaranteed income. This space is in a high-traffic area surrounded by 279 residential units and established businesses, offering plenty of foot traffic. Additionally, the unit benefits from shipping and receiving access and is just minutes from the Gardiner Expressway/QEW, providing easy access to major transportation routes.
Location
Province ON
County Toronto
Community Mimico
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes