REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,195,000
Est. payment /mo
Price Dropped by $50K
723 Lakeshore RD E Mississauga, ON L5G 1J7
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Lakeview
MLS Listing ID W12748344
Annual Tax Amount $14,245
Tax Year 2025
Property Sub-Type Investment
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 Peel
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 25.0
Lot Depth 123.0
Others
ParcelsYN No
Listed by EXP REALTY