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124 Portland Street
Mimico Toronto M8Y 1B2

$6,200,000 /For Sale
Commercial

Main Photo: 124 Portland Street in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W12258643
Photo 1: 124 Portland Street in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W12258643
Photo 2: 124 Portland Street in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W12258643
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12258643
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.
Industrial Area:
12000 sq. ft. Sq Ft
Lot Depth:
125'
Lot Frontage:
130'
Bathrooms:
5.0
Water supply:
Municipal
Zoning:
RESIDENTIAL
Heating type:
Gas Forced Air Open
Clear Height:
12'
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
Toronto W06
Mimico
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
Original Price:
Previous Price:
  • Photo 1: 124 Portland Street in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W12258643
    Photo 1 of 2
  • Photo 2: 124 Portland Street in Toronto: Mimico Commercial for sale (Toronto W06)  : MLS®# W12258643
    Photo 2 of 2
Listed by RE/MAX REALTRON REALTY INC.
Data was last updated October 23, 2025 at 12:15 PM (UTC)
Markian Silecky
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