2977 Lake Shore Boulevard W F
New Toronto, Toronto, M8V 1J8
$175,000
Reduced $24,000 from $199,000
Listed 153 days ago · MLS® W13151432
About this home
Well-established and highly successful Middle Eastern restaurant operating since 1999. This long-standing business is a trusted staple in the Lake Shore community, proudly serving a loyal customer base and enjoying a strong local reputation. The owner is retiring and offering an excellent opportunity for an entrepreneur or operator to take over a proven and profitable business with continued growth potential. Training is available for the new owner to ensure a smooth transition. Features include a full basement, exterior patio for employees, and 1 rear parking space. Attractive lease terms with 3.5 years remaining plus a 5-year renewal option, along with low rent for the area. Please do not go direct.
Details
- Type
- Sale Of Business
- Lot
- 17 × 57 ft
- Garage
- Outside/Surface
- Neighbourhood
- New Toronto
- Municipality
- Toronto W06
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
More
- Possession
- Negotiable
- Cross street
- Islington Ave. & Kipling Ave.
- Business type
- Restaurant
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 GO2.0 km
Within a 10-minute walk: 3 grocery stores, 24 cafés and restaurants, 9 parks, 3 pharmacies. Nearest grocery: Star Lake Fine Foods (350 m). Nearest park: Eighth Street Park (250 m).
Schools nearby
Elementary
- Seventh Street Junior School
EQAO: Gr 3 reading 74%, math 63%3 min walk - St. Josaphat Catholic School Catholic4 min walk
- Second Street Junior Middle School
EQAO: Gr 6 reading 88%, math 38%11 min walk - The Holy Trinity Catholic School Catholic
EQAO: Gr 6 reading 85%, math 69%15 min walk
Secondary
- Father John Redmond Catholic Secondary School Catholic
EQAO: Gr 9 math 75%, literacy test 94%16 min walk - Lakeshore Collegiate Institute
EQAO: Gr 9 math 42%, literacy test 75%17 min walk - Mimico Adult Centre1.7 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 New Toronto (2025): about the Toronto average, down 24% from the year before.
- Assaultabout average
- Break and enterabout average
- Auto theft35% below average
- Robberyabout average
- Theft from vehiclesabout average
- Shootings88% above average
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 5 active
-
66 X THIRD ST · 450 mSite Plan · Under Review · applied 2026Site Plan application for a four-storey municipal shelter containing 51 beds.Application details
-
66 X THIRD ST · 450 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2025Proposal to amend the Zoning By-law to allow for a new 4-storey municipal shelter with approximately 50 beds.Application details
-
124 BIRMINGHAM ST · 350 mSite Plan · Under Review · applied 2024The project proposal seeks to construct 2 one-storey industrial warehouse and distribution buildings with accessory office. The existing unoccupied…Application details
-
210 ISLINGTON AVE · 250 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2023The proposed development consists of a 26-storey mixed use building, containing 352 dwelling units with retail uses at-grade. The proposed net density is 8.83…Application details
-
2970 LAKE SHORE BLVD W · 50 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2019Proposal for a 9-storey (28.7 m in height including mechanical penthouse) mixed use building containing 95 residential units and 485 sq. m of commercial gross…Application details
-
225 BIRMINGHAM ST · 500 mPlan of Condominium · Closed · applied 2024Technical amendment to renumber units within registred plan of condominium.Application details
2 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): 11 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.
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.
Building permits
No building permits at this address since 2014.
6 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
48 City street trees within 100 m, mostly honeys. That’s about 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 WEST REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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