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$14,495,000
Est. payment /mo
34,375 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 34,375 sqft
Price per Sqft $421
Subdivision Applewood
MLS Listing ID W12116680
Annual Tax Amount $89,320
Tax Year 2024
Property Sub-Type Investment
Lot Depth 149.55
Lot Front 390.17
Property Description
Investment Opportunity: this 40-unit apartment building is located in a high-demand area of Mississauga, bordering Etobicoke. The five-story building features 22 one-bedroom and 18 two-bedroom units, each with large balconies. Situated on a 1.53-acre corner lot with significant frontage (390 ft on Fieldgate Drive and 150 ft on Cardross Rd), the property includes 56 outdoor parking spaces and 0.44 acres of excess land suitable for future high-density residential development. The location south of Bloor Street offers excellent access to public transit, various amenities, schools, and extensive greenspace. Major transportation routes, including Bloor St and Highways 427, 403, 401, and the QEW, are easily accessible. Zoned RA2-40 with a current maximum height of 8 stories, the surrounding area has City Zoning Amendment approvals for buildings of 11-18 stories. **Estate Sale**
Location
Province ON
County Peel
Community Applewood
Area Peel
Zoning RA2-40
Interior
Cooling No
Inclusions ** In all Suites - total of 40 fridges, 40 electric ranges.. All electric light fixtures and window coverings in suites. Common use of 2 coin washers & 2 coin dryers.
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 390.17
Lot Depth 149.55
Others
Security Features Yes
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Listed by ILIV REALTY