3140 Lake Shore Boulevard

Toronto W06, ON

5,400 sqft • Store W Apt/Office • 248 days on market

$2,350,000Price reduced 4%

Incredible opportunity to own a freestanding mixed-use building with 50 ft frontage at Lake Shore Blvd and Kipling, positioned in one of Toronto's fastest-growing high-density corridors. Offering exceptional visibility, strong foot traffic, and income potential from both residential and commercial components, this property is ideal for end-users, investors, or developers.Solid block-and-brick construction totaling approx. 5,400 sq ft above grade plus 1,500 sq ft basement (not included in total) on a lot with CR3 zoning allowing a wide range of uses. The 2-bedroom apartment on the second floor (approx. 1,200 sq ft) features a massive 3,100 sq ft terrace with future build-out potential, while the main floor offers bright open commercial space with rear laneway access and a drive-in door for retail, showroom, or service-based uses.Located across from Humber College, the site benefits from constant exposure to students, residents, and growing density throughout the Lake Shore corridor. Excellent transit access, nearby streetcar service, and parking and TTC access on both sides of the street add convenience and visibility.Seller is open to offering a Vendor Take-Back (VTB) mortgage, providing flexibility for qualified purchasers. Adjacent lots may also be available, allowing potential assembly and up to 200 ft frontage for larger-scale redevelopment.

Listing Details

Taxes (2024): $24,040
Originally Listed: $2,450,000
Listed: December 17, 2025

Price History

Listing history

Property

Lot Size: 50 x 86 Feet

Location & Legal

Cross Street: Lake Shore Blvd W and Kipling
Zoning: CR 3.0 (c3.0; r3.0) SS2
Parcel Number: 075990031
Possession: Immediate

Commercial

Occupancy: Partial
Office / Apartment Area: 1200 Sq Ft

Community

Postal area M8V

Population: 44,144
Private dwellings: 24,434
Median age: 40
Average household size: 1.9
Median household income: $79,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Toronto W06 · last 12 months

Median sold price: $777,000
Homes sold: 981
Median days on market: 24
Sale-to-list price: 97.7%

Based on 981 recorded sales of commercial properties in Toronto W06 over the last 12 months.

Listed by

KINGSWAY REAL ESTATE

Commercial figures

Building area: 5,400 sq ft
Price per sq ft: $435.19
Annual property tax: $24,040
Tax per sq ft: $4.45

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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