104 - 2240 LAKE SHORE BOULEVARD W, Toronto (Mimico)

$149,000

For sale: Other

Other at 104 - 2240 LAKE SHORE BOULEVARD W, Toronto (Mimico)
Property type
Sale Of Business
MLS®
MLS® W13668436
Neighbourhood
Mimico

Located in one of Toronto's fastest-growing and highest-traffic neighbourhoods, this established restaurant is surrounded by more than 30 luxury condominium towers, flourishing businesses, and a dense residential population that generates consistent foot traffic and year-round demand. This prime location offers outstanding visibility, excellent signage exposure, and significant growth potential. Continue operating the existing concept or rebrand to your own restaurant or franchise. A wide variety of cuisines are permitted, making this an ideal opportunity for concepts such as Shawarma, Indian, Thai, Chinese, Burgers, Mediterranean, Mexican, Sushi, and more. The restaurant features a fully equipped commercial kitchen with premium equipment, including a 12-foot extra-wide exhaust hood, walk-in refrigerator, Rational 10-pan combi oven, six-burner stove, griddle, two deep fryers, two induction cooktops, rice warmer, two upright freezers, two chest freezers, multiple prep tables, storage shelving, security camera system, TVs, and much more. Exceptional street exposure with an extended patio offers additional seating and seasonal revenue potential. The business benefits from multiple revenue streams, including dine-in, takeout, catering, Uber Eats, DoorDash, and SkipTheDishes. Don't miss this rare opportunity to acquire a fully equipped restaurant in one of Toronto's premier west-end communities with exceptional visibility, established customer demand, and tremendous future growth potential. Rent $6500/month includes TMI & HST. Long lease 4 years + 5 years option to renew. Equipment & set-up worth the price!

Sold data

Other homes in Toronto (Mimico) — recent sold market

Other homes in Toronto (Mimico) took a median of 41 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 113, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 90 days.

The median sale price was $75,000.

Homes sold for about 8.2% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$75,000
Sale-to-list ratio
91.8%
Sold above asking
11%

Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Mimico)

Toronto (Mimico) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Mimico)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 104 - 2240 LAKE SHORE BOULEVARD W