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Key Details
Sold Price $1,195,000
Property Type Commercial
Sub Type Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $597
MLS Listing ID 40801956
Sold Date 09/15/26
Abv Grd Liv Area 2,000
Annual Tax Amount $14,245
Lot Size 3,092 Sqft
Acres 0.071
Property Sub-Type Building and Land
Source Cornerstone
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
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 134740142
Ownership Freehold/None
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