$219,900 - 2240 Lakeshore Boulevard Unit 104, Liberty Village
Commercial for Sale in Liberty Village
36 days on market- MLS Number
- W13123708
- Property Type
- Commercial
- Status
- active
- Days on Site
- 36
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,200 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- RE/MAX MILLENNIUM REAL ESTATE
Location! Location! Location! Exceptional Opportunity to Own a Well-Established Restaurant in One of Toronto's Most Vibrant and High-Traffic Neighbourhoods Lakeshore and Park Lawn!Surrounded by a Dense Residential Community Consisting of More Than 30 Luxury Condominium Buildings, Thriving Businesses and Constant Foot Traffic. This Location Offers Unmatched Visibility and Growth Potential. Huge Potential to Grow Existing Brand or Convert to Another Brand/Franchise. Any Cuisine Allowed with No Competition in the Immediate Area. Ideal for Shawarma, Thai, Chinese, Indian, Burgers, Etc. Featuring a Fully Equipped Commercial Kitchen with a 12' Extra Wide Hood, Walk-In Fridge, Rational 10 Pan Combi Oven, 6 Burner Stove, Griddle, 2 Deep Fryers, 2 Induction Stoves, Rice Warmer, 2 Standing Freezers, 2 Chest Freezers, Multiple Prep Tables, Storage Shelves, 4 TV's, Cameras, and Lots More. Large Storefront Windows Provide Natural Light and Excellent Street Exposure, Making it Ideal for Attracting Both Walk-In Customers and Loyal Clientele. The Business is Strategically Positioned to Benefit from Steady Local Demand, with a Strong Mix of Dine-In, Takeout and Delivery Opportunities. Extended Patio. Weather You are an Experienced Restauranteur Looking to Expand Your Portfolio or a New Entrepreneur Ready to Step Into a Turnkey Operation, This is a Rare Chance to Secure a Premium Location in Toronto's West End. High Sales From Walk-In Customers, Catering Orders, Uber Eats, Door Dash and Skip the Dishes.Key Highlights: 1. Prime Lakeshore/Park Lawn Location, 2. High Foot Traffic and Dense Residential Population, 3. Over 30 Condo Buildings Within Walking Distance, 4. Fully Equipped Commercial Kitchen, 5. Strong Visibility and Signage Exposure, 6. Turnkey Operation with Growth Potential.Don't Miss Out on this Outstanding Investment Opportunity in One of Toronto's Most Sought-After Dining Corridors.
Estimate your monthly payments for this property
Estimated Payment
$1,128.20/mo
Includes CMHC insurance ($6,135)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Liberty Village / Parkdale / South Parkdale
Liberty Village / Parkdale / South Parkdale is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Liberty Village / Parkdale / South Parkdale
- •Convenient location in Liberty Village / Parkdale / South Parkdale
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Liberty Village / Parkdale / South Parkdale offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2240 Lakeshore Boulevard Unit 104, Liberty Village / Parkdale / South Parkdale
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $183/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 36-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Liberty Village transactions.