Mimico, New Toronto, Long Branch, Alderwood

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102 2137 Lake Shore Boulevard
Mimico Toronto M8V 1A3

$1,795,000 /For Sale
Commercial

Main Photo: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 1: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 2: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 3: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 4: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 5: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 6: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 7: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 8: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Photo 9: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W8448388
Bus Major:
Retail Store Related
Fully Renovated Commercial Unit in the Heart of South Etobicoke, at the base of 389 Unit Nautilus Condo. Offered 100% Vacant, Perfect For an End User/ Investor. Extremely high 26' ceilings. NEW: HVAC, floors, washrooms and lots of plumbing for professional/ medical/ service based uses. Potential to add mezzanine space. Demised as over 12 private offices/ treatment rooms, with 2 washrooms, 2 showers, laundry vestibules, and kitchenette. Turn key space for various types of retails, office or medical service uses. Large visitor parking area in the building, anchored by Rabba Grocery Store. Building has excellent truck level shipping and receiving direct to the rear of the unit. Bonus basement crawl space for easy access to plumbing/ improvements. Seconds from the Gardiner/ QEW with abundant parking and high vehicle/ foot traffic and large signage. Previously a very successful physiotherapy unit. Owner is retiring. Business available but not mandatory. Turnkey space suitable for a wide variety of uses/ tenants. Potential 6.8% + Cap Rate for investors. Economical space for end users. Preferred closing date of Feb 2025, offering mutually beneficial timing for financing. Potential for a business/asset JV with current owners. Carefree Investment Opportunity in the Heart of South Etobicoke's Parklawn & Lakeshore hub. 100% leased to multi-location corporate Physiotherapy Clinic on a NET NET NET basis for a strong 10 year term. Excellent financial covenant & tenant track record with corporate guarantee. $102,000 Year 1 NOI escalating up to $120,000 by y10. 5.7% going in cap rate (at asking price) with annual rental growth.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Approx. Age:
6-15
Total Area:
2000 sq. ft. Square Feet
Total Area:
2,000 sq. ft.
Retail Area:
2000 sq. ft. Sq Ft
Depth:
0'
Frontage:
20'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Visitor
Possession Details:
Flexible
HST Applicable To Sale Price:
Yes
Type Taxes:
Annual
Taxes:
$12,124 / 2024
Assessment:
$- / -
Toronto W06
Mimico
Toronto
Major Highway, Public Transit
Partial
Fixtures not owned by current tenant
Chattels owned by current tenant
Public
Amperage:
200
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
Yes
Major Business Type:
Retail Store Related
Category:
Commercial Condo
Number of Double Man Shipping Doors:
2
Number of Drive-In Level Shipping Doors:
1
Number of Truck Level Shipping Doors:
2
Date Listed:
Jun 17, 2024
Original Price:
$1,889,000
Previous Price:
$1,889,000
  • Photo 1: 102 2137 Lake Shore Boulevard in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W8448388
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Listed by CUSHMAN & WAKEFIELD
Data was last updated April 2, 2025 at 04:15 AM (UTC)
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