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For Sale
$1,195,000
MLS® 40801956
723 LAKESHORE Road E
Mississauga, Ontario, L5G1J7
- Interior
- 2,000 sqft
- Property type
- Other
- Building
- Residential Commercial Mix
- Lot size
- 0.071 acres
- Parking
- 4
- Ownership
- Freehold
Property facts
- Interior
- 2,000 sqft
- Property type
- Other
- Building
- Residential Commercial Mix
- Transaction
- For Sale
- Lot size
- 0.071 acres
- Parking
- 4
- Ownership
- Freehold
About this property
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. (id:53361)