124 Portland St - Manufacturing FOR SALE


Toronto, ON M8Y 1A8- Mimico
$6,200,000 CAD
124 Portland St, Toronto, ON for Sale
$6,200,000 CAD
Manufacturing - FOR SALE
1/5
null | Request Cap Rate

124 Portland St
Toronto, ON M8Y 1A8
Mimico


HIGHLIGHTS

  • Fully leased property with multiple tenants
  • Located next door to a new condo development
  • Excellent location for mixed-use redevelopment

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,200,000 CAD

PRICE/SF

$433 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33

LAND SF

14,375

ZONING

RM

APN/PARCEL ID

191905112003100

ASK ABOUT THIS PROPERTY

Sheva IsrailovRE/MAX Realtron Realty IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sheva IsrailovRE/MAX Realtron Realty IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.