723 Lakeshore Road E, Mississauga, ON L5G 1J7
723 Lakeshore Road E, Mississauga, ON L5G 1J7
723 Lakeshore Road E, Mississauga, ON L5G 1J7
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,195,000
Est. payment /mo
2,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $597

MLS Listing ID 40801956

Abv Grd Liv Area 2,000

Annual Tax Amount $14,245

Lot Size 3,092 Sqft

Acres 0.071

Property Sub-Type Mixed,Building and Land

Source Cornerstone

Lot Depth 123.0

Lot Front 25.0

Property Description

Shovel-ready mixed-use redevelopment opportunity along the Lakeshore corridor. The existing two-storey building features one retail unit and one residential apartment, offering holding income with clear upside. The property is fully approved to add a third storey and convert to six residential units plus one retail space. Minor Variance, site plan approval, and architectural drawings are all complete. A new owner can pull permits and proceed directly to construction. Further value is created through reduced development charges from the City of Mississauga, available until November 2026, enhancing overall project economics.

Location

Province ON

County Peel

Area Ms - Mississauga

Zoning C4

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Concrete

Utilities Available Electricity Connected, Natural Gas Connected

Lot Frontage 25.0

Lot Depth 123.0

Garage No

Building

Lot Description Rectangular, High Traffic Area, Marina, Public Transit

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 134740142

Ownership Freehold/None

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Listed by eXp Realty

Nearby School & Business

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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