ON > Toronto W06 > Mimico
Toronto W06, ON M8Y 1B2,124 Portland ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 6,200,000
Est. payment | /mo

5 Baths

14,327 SqFt

Save
$ 6,200,000
Est. payment | /mo
Save

5 Baths

14,327 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 14,327 sqft

Price per Sqft $432

Subdivision Mimico

MLS Listing ID W12258643

Annual Tax Amount $13,601

Tax Year 2024

Property Sub-Type Industrial

Property Description

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.

Location

Province ON

County Toronto

Community Mimico

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 130.0

Lot Depth 125.0

Others

Security Features Yes

Listed by RE/MAX REALTRON REALTY INC.
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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