$299,000 - 3289 Lake Shore Boulevard, Liberty Village
Commercial for Sale in Liberty Village
Popular ListingNeighbourhood: Long Branch
- MLS Number
- W13486586
- Property Type
- Commercial
- Status
- active
- Days on Site
- 9
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 850 sqft
- Neighbourhood
- Liberty Village / Parkdale / South Parkdale
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
Excellent opportunity to own a profitable and well-established Papa John's Pizza franchise in the desirable Long Branch community of South Etobicoke. Located on busy Lake Shore Boulevard West, this turnkey business benefits from strong brand recognition, steady walk-in traffic, repeat customers, and consistent delivery and takeout sales. Long Branch is a vibrant and growing neighbourhood known for its mix of established residential communities, new condominium developments, waterfront amenities, schools, parks, and local businesses. The area continues to attract young professionals, families, and commuters, creating strong year-round demand for convenient dining options and food delivery services. This fully equipped operation offers proven systems, trained staff, and an established customer base, making it an ideal opportunity for an owner-operator, family business, entrepreneur, or someone looking to transition from a traditional 9-to-5 career into business ownership. Investors will also appreciate the stability of a recognized franchise brand and the opportunity to build on an already successful operation. A rare chance to acquire a successful pizza franchise in one of South Etobicoke's most sought-after neighbourhoods. Strong sales, established operations, and a prime location make this a compelling business opportunity.
Estimate your monthly payments for this property
Estimated Payment
$1,534.02/mo
Includes CMHC insurance ($8,342)
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.
Historic Lakefront Character
Long Branch is a historic lakefront neighbourhood at the western edge of Etobicoke with roots dating back to the late 1800s as a summer resort community. Today it retains its charming village character with tree-lined streets, character homes, and direct Lake Ontario waterfront access. The area has seen thoughtful infill development while preserving its heritage appeal.
Why Live in Long Branch
- •Historic lakefront community since the 1800s
- •Charming village character with heritage homes
- •Direct Lake Ontario waterfront access
- •Long Branch GO Station and TTC streetcar
- •Marie Curtis Park at the neighbourhood's edge
Nearby Schools
Transit & Commuting
- •Long Branch GO Station on the Lakeshore West line
- •TTC 501 Queen streetcar
- •TTC bus connections
- •Easy access to Gardiner Expressway
Parks & Amenities
- •Long Branch Park
- •Marie Curtis Park
- •Colonel Samuel Smith Park
- •Waterfront Trail
- •Long Branch village shops
Lifestyle & Community
Long Branch delivers historic lakefront charm with the practical benefits of strong transit connectivity. Residents enjoy beach access, heritage streetscapes, and the intimate feel of a lakeside village within Toronto.
3289 Lake Shore Boulevard, 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 $352/sqft, this is priced in the mid-range for GTA commercial space. 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 9-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.