Lake Shore & First New Toronto .40 acres

We acquired in 2017, just over a half acre retail plaza with active tenants and long-term development potential in Mimico. The site is less than 150 metres from the lake, major park and is also within easy vehicle access to the Gardiner Expressway, Hwy 427, and QEW West. Mimico Go Station is less than 2 kms north of the site. There are many bike and hiking trails along the waterfront connecting Mimico to Toronto to the East and Mississauga and beyond to the West. Gentrification is well underway in the west end of the neighbourhood with well over 1,000 townhouses being developed the majority of which have been completed and occupied. The site is also in close proximity to the upscale Sherway Gardens Shopping Mall located just to the West, Cineplex Theatre complex just to the East, and many boutique shops, restaurants and cafés to the north along Bloor Street.

Our Value Add: Development Opportunity

We identified and acquired an under performing property located within a highly desirable neighbourhood within immediate proximity and access to the lake and great arterial access to the City core. The natural attributes of the neighbourhood with its proximity to the lake, as well as the gentrification underway lends this site for redevelopment potential as a mixed-use property at some point in the future.

Key Info
  • Neighbourhood: New Toronto
  • Main Intersection: Lake Shore Blvd West & First Street
  • Property Address: 2749 Lake Shore Blvd West
  • Site Area: 17,280 SF or .40 acres
  • Land Use/ Zoning: CR 3.0 – Commercial Residential
  • Proposed Buildable SF / Density: TBD
  • Site Frontages: 170 feet on Lake Shore Blvd. West / 120 Feet on First Street
  • Proposed Development: TBD




  • Major highways nearby include
    Close to Gardiner & Lake Shore Blvd. West, Islington Avenue, Kipling Avenue & Royal York Road
  • Public Transportation: TTC Street Car stop on Lake Shore Blvd West & First Street and within close proximity to Mimico Go Station
  • /100 Walk Score
  • /100 Transit Score
  • /100 Bike Score