124 Portland Street
Mimico
Toronto
M8Y 1B2
$6,200,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- W12258643
- Photos (2)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Prime Investment Opportunity in Etobicoke Strong Income with Exceptional Development Upside Strategically located in a well-established residential neighbourhood of Etobicoke, this rare commercial property offers both immediate cash flow and long-term development potential. The asset currently generates stable revenue from multiple tenants on flexible month-to-month leases, allowing a seamless transition for investors looking to maintain income or reposition the site for higher value. Positioned just steps away from a new condominium development, the property is ideally situated for mixed-use redevelopment, benefiting from strong area fundamentals and increasing residential density. The surrounding neighbourhood is undergoing notable revitalization, underscoring the viability of future transformation into residential, commercial, or combined-use space subject to municipal approvals. Key Highlights: Well-maintained commercial building with stable rental income, Month-to-month tenancies offer investor flexibility and ease of repositioning, Located in a thriving Etobicoke neighbourhood experiencing residential growth, Adjacent to a new condo development a clear indicator of the area's evolving land use, Excellent frontage and accessibility in a transit-friendly, high-demand location. This is a unique opportunity for developers and investors alike to capitalize on a high-performing asset today while planning for a lucrative redevelopment tomorrow.
- Property Type:
- Commercial
- Property Sub Type:
- Industrial
- Freestanding:
- Yes
- Total Area:
- 14327 sq. ft. Square Feet
- Total Area:
- 14,327 sq. ft.1,331 m2
- Industrial Area:
- 12000 sq. ft. Sq Ft
- Depth:
- 125'38.1 m
- Frontage:
- 130'39.6 m
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Zoning:
- RESIDENTIAL
- Heating type:
- Gas Forced Air Open
- Clear Height:
- 12'3.66 m
- Garage:
- Outside/Surface
- Trailer Parking Spots:
- 10
- Possession Details:
- TBA
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $13,601.58 / 2024
- Assessment:
- $- / -
- Toronto W06
- Mimico
- Toronto
- Yes
- No
- UFFI:
- No
- Amperage:
- 200
- Volts:
- 600
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Category:
- Free Standing
- Number of Double Man Shipping Doors:
- 0
- Number of Drive-In Level Shipping Doors:
- 1
- Number of Grade Level Shipping Doors:
- 1
- Number of Truck Level Shipping Doors:
- 2
- Date Listed:
- Jul 03, 2025
Larger map options:
Listed by RE/MAX REALTRON REALTY INC.
Data was last updated July 18, 2025 at 03:15 AM (UTC)
- Bosley Real Estate
- 1 (416) 322-8000
- Contact by Email
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
powered by myRealPage.com