723 Lakeshore Road E, Mississauga, ON L5G 1J7
Mississauga , L5G 1J7
$1,245,000.00
2000 Square Feet
Commercial
Property Details
| MLS Number | W12748344 |
| Property Type | Commercial |
| City | Mississauga |
| City Region | Lakeview |
| Postal Code | L5G 1J7 |
| Cross Street | Cawthra |
| Street Number | 723 |
| Street Name | Lakeshore |
| Lot Width | 25 ft |
| Lot Depth | 123 ft |
| Building Area | 2000 Square Feet |
| Annual Tax | $14,245.00 |
| Utilities | Yes |
| Occupant Type | Tenant |
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads