Today, Mimico is primarily a residential area with two commercial strips; one along Royal York Road and the other along Lake Shore Boulevard West, parallel to the shoreline (from Louisa Avenue to Allen Avenue). There is also a former commercial strip along Mimico Avenue connecting Royal York Road and Lake Shore Boulevard West. Some areas of industrial use exist along the railway corridor. In early 2012, "Toronto Life" magazine ranked Mimico first on their "Where to Buy Now" list of Toronto neighbourhoods.