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Est. payment /mo
4,773 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,773 sqft
Subdivision Port Credit
MLS Listing ID W13830054
Annual Tax Amount $34,267
Tax Year 2026
Property Sub-Type Commercial Retail
Lot Depth 109.16
Lot Front 40.77
Property Description
Two exceptional mixed-use investment opportunities located in Port Credit East. This well-maintained double-wide building offers 4700 sq ft of rentable area plus an additional 2300 sq ft of usable lower-level space. Current financial performance is strong, with a leveraged cap rate of over 7% with a 30% down payment and a 25 yr amortization period. 241 Lakeshore Road E. features a well-established restaurant tenant on the main floor, a tenanted 2-bedroom apartment, and 2 rear parking spaces. The second-floor apartment features 2 generously sized bedrooms, a spacious living area with walk-out to a private deck, a 4-piece bathroom, bright interiors, skylights, and private front and rear entrances. 243 Lakeshore Road E. features a tenanted main-floor commercial space and 2 one-bedroom apartments on the upper level, each offering bright interiors, well-sized bedrooms, large windows, and a 4-piece bathroom. Ideally located in vibrant Port Credit with excellent transit accessibility, strong pedestrian exposure, and established surrounding retail and services. An excellent investment opportunity for investors seeking an established property in a highly active area. Images for 241 Lakeshore Rd. E. are not the current branding and colours
Location
Province ON
County Peel
Area Peel
Zoning C4 - Main Street Commercial
Interior
Cooling Partial
Exterior
Community Features Public Transit, Subways
Utilities Available Yes
Lot Frontage 40.77
Lot Depth 109.16
Others
Security Features No
ParcelsYN No
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Nearby School & Business
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