I know it has been discussed; but it strikes me that its not on the near-term radar given that they are comprehensively rebuilding Longbranch station, and not introducing a 4th track.
I had a quick gander, and it looks to me like they have room to fill in the missing 4th mainline track within the ROW and on the embankment, where applicable, as far west as Long Branch station. The first bridge widening requirement appears to be the one over Etobicoke Creek just to the west of Long Branch station.
@reaperexpress could doubtless tell us how far a fourth track extension would have to go, from Mimico, to pickup the first tangible benefit.