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2378 Lake Shore Boulevard W

Mimico, Toronto, M8V 1C3

$4,200,000

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Listed 132 days ago · MLS® W13425280

About this home

Exceptional investment and redevelopment opportunity along Toronto's rapidly evolving western waterfront corridor. Prominently situated on a high-exposure stretch of Lake Shore Blvd W within the Mimico 20/20 Revitalization Area, this rare offering presents outstanding long-term upside in a neighbourhood undergoing significant residential intensification and urban transformation. Surrounded by existing and planned high-rise residential developments, the property is well positioned to benefit from continued population growth, infrastructure investment, and increasing demand for mixed-use redevelopment opportunities. Excellent connectivity with immediate access to TTC streetcar service, Mimico and Long Branch GO Stations, Gardiner Expressway, Hwy 427/401, Pearson Airport, and downtown Toronto. Features strong frontage, excellent visibility, ample on-site parking, and flexible mixed-use zoning. Currently improved with a fully leased commercial plaza providing stable holding income while future redevelopment plans are explored. Steps to Lake Ontario, waterfront parks, trails, and recreational amenities. Must be purchased together with 2386 Lake Shore Blvd W, creating a rare large-scale assembly opportunity with enhanced frontage, increased flexibility, and exceptional redevelopment potential in one of Toronto's most dynamic waterfront communities.

Details

Type
Commercial Retail
Lot
100.5 × 106.28 ft
Garage
Outside/Surface
Property tax
$41,960 (2026)
Neighbourhood
Mimico
Municipality
Toronto W06

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
10,681 Square Feet

More

Possession
90 / TBA
Cross street
Lake Shore Blvd W
Business type
Retail Store Related

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚆 Mimico GO11 min walk

Within a 10-minute walk: 3 grocery stores, 26 cafés and restaurants, 18 parks, 4 pharmacies. Nearest grocery: Your Independent Grocer (100 m). Nearest park: Superior Park (200 m).

Schools nearby

Elementary

  • David Hornell Junior School
    EQAO: Gr 3 reading 76%, math 60%    6 min walk
  • John English Junior Middle School
    EQAO: Gr 6 reading 84%, math 60%    10 min walk
  • St. Leo Catholic School Catholic
    EQAO: Gr 6 reading 96%, math 73%    11 min walk
  • George R Gauld Junior School
    EQAO: Gr 3 reading 82%, math 63%    15 min walk

Secondary

  • Mimico Adult Centre11 min walk
  • Karen Kain School of the Arts2.0 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 3 active

  • 2491 LAKE SHORE BLVD W · 350 m
    Site Plan · Under Review · applied 2022
    Proposal to demolish the existing commercial/residential building on the subject lands and redevelop the site with a stepped 9-storey mixed-use building,…
    Application details
  • 2405 LAKE SHORE BLVD W · 150 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2021
    The proposed amendments to the City¿s Official Plan and Zoning By-laws would permit a development comprising approximately 35,200 square metres of residential…
    Application details
  • 2405 LAKE SHORE BLVD W · 150 m
    Plan of Subdivision · Appeal Received · applied 2021
    Draft Plan of Subdivision in order to establish one mixed use development block (Block 1), one park block (Block 5) and new public road blocks (Blocks 2 and 3)…
    Application details
  • 2491 LAKE SHORE BLVD W · 350 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2022
    Proposal to demolish the existing commercial/residential building on the subject lands and redevelop the site with a stepped 9-storey mixed-use building,…
    Application details

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.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

5 permits on this block of the street in the last 2 years, including 1 new home.

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

Trees

61 City street trees within 100 m, mostly honeys. 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 RE/MAX REALTRON REALTY INC..

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

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