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86 Mimico Avenue

LAST UPDATE: October 5 2022 login to edit this building
AT RISK INFORMATION
At risk status
This building is at Risk
Information:

This building is currently unoccupied and boarded up, along with neighbouring heritage buildings 78 and 80 Mimico Ave. This group of unlisted heritage properties is a prime target for demolition and large scale redevelopment if sold by the current owner.

BUILDING INFORMATION
Name & Location:
86 Mimico Avenue
86 Mimico Avenue
Toronto
Mimico - Queensway
First Owner:
Union Bank of Canada
Occupant:
Unoccupied
First Occupant:
Union Bank of Canada
Year Completed:
1924
OTHER IDENTIFICATION
Alternate Name:
Union Bank Building - Mimico Branch
Notes:
This impressive building at the north east corner of Mimico Avenue and Station Road was built in 1924 as the Mimico branch of the Union Bank of Canada.
 
The Union Bank of Canada first established itself in Mimico in 1910 on Cavell Avenue (then Southampton Street).  It stayed in this location until about 1916 when it relocated to the Lake Shore Road but in December 1923 the bank bought this lot on Mimico Avenue for $3,135 from Stephen Francis and Beddway Francis (Lebanese merchants who lived and had a store at 100 Mimico Avenue) and built its first purpose built branch on the site in 1924.  The following year the Union Bank merged with the Royal Bank of Canada.  
 
Presently the architect is unknown but in 1919 Norman McNabb Moffatt was appointed as the staff architect for the Union Bank of Canada and so he is most likely the creator of this lovely building.
 
The bank was a location of some excitement in 1933 when it was robbed.  The headline in the Toronto Star on June 16, 1933 was "Two Armed Thugs Rob Mimico of $2,325."
 
The bank appears to have closed the branch in 1936 after which the building remained vacant until 1939 when it was sold to Charles Grossi for $2 and a mortgage of $3,750.  Grossi sold the north end of the lot to the Silverwood Dairy just down the street but retained the building.  However it appears as vacant in the Toronto City Directories until 1942 when John Lavelle who had a butter and egg business is listed as living there.  Grossi died about 1953 and his estate sold the building to Florence Weber for $2 subject to the existing mortgage.  
Status:
Completed
Map:
Loading Map
BUILDING DATA
Building Type:
Low-rise
Current Use:
Abandoned
Former Use:
Banking
Heritage Status:
No heritage status
Main Style:
Sources:
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