The City Just Bought $7.6 Million of Mimico Waterfront. Here Is What Happens Next

Etobicoke Lifestyle & Community Dave Dubbin August 27, 2026

If you love the Etobicoke waterfront, here's news worth knowing: the City of Toronto has approved a major land assembly in Ward 3, spending over $7.6 million on two properties to significantly expand the Sand Beach Road Parkette in Mimico. It's part of the Council-approved Parkland Strategy, and it means a genuine new stretch of public waterfront is coming to a neighbourhood that badly needs it. Here are the details, the timeline, and what it means for the streets nearby.

Curious what public investment like this does for nearby home values? Ask us for the street-level view.

The properties, piece by piece

The assembly secured two adjacent waterfront parcels. 2707 Lake Shore Boulevard West, purchased for $2,535,000: an irregular 8,276 square foot lot with roughly 65 feet of direct Lake Ontario frontage, historically a residential triplex with a large rear garage, and previously eyed by private investors for high-density or custom-build potential. The city's purchase takes it off that table for good. Next door, 1 Sand Beach Road, purchased for $5,095,000: a larger parcel of about 11,761 square feet with an impressive 115 feet of waterfront, formerly a three-storey, 13,500 square foot long-term care residence, sitting directly beside existing city-owned land to the south. Combined, that's nearly 20,000 square feet of new, contiguous public land uniting the block into one waterfront park space.

123The new park, piece by piece
1. 2707 Lake Shore Blvd W, bought for $2,535,000
2. 1 Sand Beach Rd, bought for $5,095,000
3. Sand Beach Road Parkette, existing

Why this expansion matters so much

Parks are the lungs of a neighbourhood, and this pocket of Etobicoke-Lakeshore has been squeezed by rapid development. By the city's own data, the area provides only 129 square feet of parkland per person against a city-wide average of 301. The new parcels sit just outside a designated high-need zone but are positioned to serve the dense residential communities immediately west. In plain terms: the city bought waterfront at market price specifically so it can never become another private tower, and that trade benefits every resident within walking distance.

The timeline: what happens next

With the roughly $7.6 million allocated from the Parks and Recreation parkland acquisition accounts, the roadmap runs in three phases. First, closing and site securing, the current phase, as private titles transfer to municipal ownership and safety fencing goes up. Second, demolition and base preparation, scheduled for 2027, with $500,000 budgeted to safely take down the three-storey brick building at 1 Sand Beach Road, then clear, grade and seed the land. Third, community consultation on the design, which begins after demolition.

Where things stand as of August 2026

We checked again on August 5, 2026, and there has been no further public update from the city since the acquisition was approved. No consultation dates have been posted, no design concepts have been released, and the demolition at 1 Sand Beach Road is still slated for 2027. None of that is unusual. The closing and title work on a land assembly like this happens quietly, and the interesting part for residents, the design consultation, only starts once the buildings are down. We will update this post when the city posts dates.

One more thing worth knowing, and it comes straight from the land registry. We pulled title on the parcels on August 5, 2026. Both PINs that make up 2707 Lake Shore Boulevard West are now registered to the City of Toronto, so that half of the assembly has closed. The two PINs that make up 1 Sand Beach Road still show a private company on title, which means that purchase had not registered as of that date. Two neighbouring strips of land between the lots and the water, including the old 25 foot reserve in front of the original lots, have been publicly owned for decades under the former Borough of Etobicoke, so they fold into the new park at no extra cost.

Your park, your say

The city has explicitly said the programming and design will be shaped by community input. With this much lake frontage, the ideas could run from walking paths connecting into the Mimico Linear Park trail system to native wildflower gardens, picnic areas, or a modern playground. If you live nearby, this is the rare civic process where showing up actually draws the map.

What it means for the neighbourhood

For homeowners in Mimico and along the lakeshore, permanent protected green space next door is the kind of amenity that compounds quietly: it can't be built over, it improves every year it matures, and buyers consistently pay attention to it. We'll keep following the consultation and report back as the design takes shape.

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Dave Dubbin
Etobicoke Real Estate Expert
Dave Dubbin & Associates
Real Estate Broker for Etobicoke and Toronto
Sotheby's International Realty, Canada