2240 Lake Shore Boulevard W 104

Mimico, Toronto, M8V 0B1

$149,000

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Listed 69 days ago · MLS® W13668436

About this home

Located in one of Toronto's fastest-growing and highest-traffic neighbourhoods, this established restaurant is surrounded by more than 30 luxury condominium towers, flourishing businesses, and a dense residential population that generates consistent foot traffic and year-round demand. This prime location offers outstanding visibility, excellent signage exposure, and significant growth potential. Continue operating the existing concept or rebrand to your own restaurant or franchise. A wide variety of cuisines are permitted, making this an ideal opportunity for concepts such as Shawarma, Indian, Thai, Chinese, Burgers, Mediterranean, Mexican, Sushi, and more. The restaurant features a fully equipped commercial kitchen with premium equipment, including a 12-foot extra-wide exhaust hood, walk-in refrigerator, Rational 10-pan combi oven, six-burner stove, griddle, two deep fryers, two induction cooktops, rice warmer, two upright freezers, two chest freezers, multiple prep tables, storage shelving, security camera system, TVs, and much more. Exceptional street exposure with an extended patio offers additional seating and seasonal revenue potential. The business benefits from multiple revenue streams, including dine-in, takeout, catering, Uber Eats, DoorDash, and SkipTheDishes. Don't miss this rare opportunity to acquire a fully equipped restaurant in one of Toronto's premier west-end communities with exceptional visibility, established customer demand, and tremendous future growth potential. Rent $6500/month includes TMI & HST. Long lease 4 years + 5 years option to renew. Equipment & set-up worth the price!

Details

Type
Sale Of Business
Garage
Underground
Neighbourhood
Mimico
Municipality
Toronto W06

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes

Building and exterior

Building area
1,100 Square Feet

More

Possession
Immediate
Cross street
Lake Shore/Park Lawn
Business type
Fast Food/Takeout

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚆 Mimico GO18 min walk

Within a 10-minute walk: 2 grocery stores, 32 cafés and restaurants, 15 parks, 5 pharmacies. Nearest grocery: Metro (200 m). Nearest park: Flora Voisey Park (100 m).

Schools nearby

Elementary

  • David Hornell Junior School
    EQAO: Gr 3 reading 76%, math 60%
    8 min walk
  • George R Gauld Junior School
    EQAO: Gr 3 reading 82%, math 63%
    19 min walk
  • St. Leo Catholic School Catholic
    EQAO: Gr 6 reading 96%, math 73%
    1.3 km
  • John English Junior Middle School
    EQAO: Gr 6 reading 84%, math 60%
    1.3 km

Secondary

  • Mimico Adult Centre1.3 km
  • Karen Kain School of the Arts1.8 km
  • Etobicoke School of the Arts
    EQAO: Gr 9 math 68%, literacy test 92%
    1.9 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M8V

Owners / renters
49% / 51%
Median household income
$79,000
Average age
42
Children under 15
11%
Homes
15% detached, 57% high-rise
Commute by transit
21%
Population
44,144

Languages spoken most at home besides English: Spanish 1.9%, Polish 1.9%, Russian 1.7%, Tibetan 1.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Mimico-Queensway (2025): 254% above the Toronto average, up 9% from the year before.

  • Assault448% above average
  • Break and enter30% below average
  • Auto theftabout average
  • Robbery47% below average
  • Theft from vehicles53% below average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 6 active

  • 2256 LAKE SHORE BLVD W · 100 m
    Site Plan · Under Review · applied 2022
    Site Plan application for a mixed-use building composed of two towers rising to 35 and 18 storeys with a total gross floor area (GFA) of 39,699 square metres…
    Application details
  • 2189 LAKE SHORE BLVD W · 300 m
    Site Plan · Under Review · applied 2022
    Site Plan Approval - Proposed mixed use devleopment for a 59 storey building.
    Application details
  • 2194 LAKE SHORE BLVD W · 300 m
    Site Plan · Under Review · applied 2022
    The proposed Phase 1 development
    Application details
  • 2194 LAKE SHORE BLVD W · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2020
    An Official Plan and Zoning By-law Amendment application in order to redesignate the lands (from Regeneration Areas to Mixed Use Areas and Parks and Open…
    Application details
  • 2194 LAKE SHORE BLVD W · 300 m
    Plan of Subdivision · Under Review · applied 2020
    Draft Plan of Subdivision in order to establish development blocks and new streets (a total of 10 blocks).
    Application details
  • 2195 LAKE SHORE BLVD W · 250 m
    Site Plan · Under Review · applied 2009
    INACTIVE To expand the existing TTC bus loop to accomodate a streetcar turnaround facility and to construct one-storey washroom facility for TTC drivers.

1 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 9 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Building permits

  • Interior Alterations · 2023 · Closed
    Proposal to construct interior alterations for a hair salon.
  • Interior Alterations · 2019 · Closed
    Proposal for interior alterations to existing vacant ground floor unit 106 for a hair salon
  • Electromagnetic Locks · 2017 · Permit Issued
    Proposal to install 2 mag locks on the 2nd floor of the existing multiple use building.
  • Interior Alterations · 2016 · Inspection
    Proposal for interior alterations for new yoga studio (Group D occupancy in high-rise residential/multi-use building).
  • Building Permit Related · 2015 · Application On Hold
    FS - Sprinkler Shop Drawing - Permit for Interior Alterations within vacant commercial space to construct Medical Office/Pharmacy.

5 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

59 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HOMELIFE/BAYVIEW REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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