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$2,750,000Asking Price

2707 Lake Shore Boulevard, Toronto, ON M8V 1G6

Mimico, Toronto

Triplex
6
Bedrooms
4
Baths
6
Parking
Days on Market

A unique opportunity to own a rarely available waterfront property only 10 minutes to downtown Toronto with 65 ft frontage on Lake Ontario. The property is currently an operating triplex with 3,685 sq ft of rentable area (includes 1,025 sq ft lower-level unit) . The property offers an Investor or end user an opportunity to improve the density of the existing building, hold it for an investment or build their dream waterfront home. The stunning, 3rd floor, 1750 sq ft main apt has a deck overlooking the Lake. The Lower Level is a large 1,025sq ft unit. The 900 sq ft main floor apt includes 1 kitchen, Living/dining room, and a foyer with Lake views. All 3 units have laundry facilities. Live in the 3-level unit and collect rent! Includes a detached 900 sq ft rear garage. Mutual drive and rear laneway access. Extra land available to build laneway housing. **EXTRAS** Mechanical updates (200 Amps, Gas boiler, Windows, Wiring throughout, Plumbing). Suite updates. There is great potential to densify the existing building and/or add a laneway suite. The Seller will hold a VTB mortgage for qualified buyers.

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Tour this home:

A unique opportunity to own a rarely available waterfront property only 10 minutes to downtown Toronto with 65 ft frontage on Lake Ontario. The property is currently an operating triplex with 3,685 sq ft of rentable area (includes 1,025 sq ft lower-level unit) . The property offers an Investor or end user an opportunity to improve the density of the existing building, hold it for an investment or build their dream waterfront home. The stunning, 3rd floor, 1750 sq ft main apt has a deck overlooking the Lake. The Lower Level is a large 1,025sq ft unit. The 900 sq ft main floor apt includes 1 kitchen, Living/dining room, and a foyer with Lake views. All 3 units have laundry facilities. Live in the 3-level unit and collect rent! Includes a detached 900 sq ft rear garage. Mutual drive and rear laneway access. Extra land available to build laneway housing. **EXTRAS** Mechanical updates (200 Amps, Gas boiler, Windows, Wiring throughout, Plumbing). Suite updates. There is great potential to densify the existing building and/or add a laneway suite. The Seller will hold a VTB mortgage for qualified buyers.

Key Info

  • 2.5-Storey Triplex
  • 4+ Parking
  • Detached Garage
  • Royal York Rd and Lake Shore Blvd W
  • 2500-3000 Approximate Sq Feet
  • No Ensuite Laundry
  • Water Gas Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $7,489 in 2024
  • Possession: TBD

Details

  • Brick Exterior
  • No Fireplace
  • 3 Kitchens
  •  
  • MLS #W12078357
  • ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Extras

Room Floor Dimensions Details
1 Kitchen Main 14.76' x 9.51'
Washroom1 2-Piece Bathroom
Washroom1 4-Piece Bathroom
Washroom1 4-Piece Bathroom
Washroom1 4-Piece Bathroom on Main Floor

Who lives here?

Mimico, Toronto is a west Toronto neighbourhood notable for its singles, renters, executives, salespeople and tradespeople. Residents tend to be older with a significant number of adults aged 25 to 44, 25 to 44, 25 to 44 and 25 to 44 and seniors aged 65 to 69.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

51% of residents are
single and loving it.

51% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

55% of residents
are renters.

55% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

45% of residents are
university grads.

45% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$109K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 16%
Business 11%
Management 10%
Government 8%
Trades 8%

Immigrants

41% of residents were
born outside of Canada.

41% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

India was once home to 4.2% of immigrants.
Poland 3.7%
Philippines 3.4%
Ukraine 2.8%
Caribbean 2.1%

4.2% from India
All-time

Birthplace - Recent

India was once home to 1.2% of immigrants.
Philippines 0.6%
Ukraine 0.4%
China 0.3%
Poland 0.3%

1.2% from India
Recent

Foreign Languages

Foreign Languages

Polish 4%
Spanish 3%
Ukrainian 3%
Portuguese 2%
Russian 2%

Religions

Religions

Christian 68%
Muslim 4%
Hindu 2%
Buddhist 2%
Jewish 1%

Social Housing

Social Housing Buildings

3

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

1

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)