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723 LAKESHORE Road
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For Sale
723 LAKESHORE Road
Mississauga L5G1J7
$1,195,000
MLS® 40801956
Parking
4
Interior
2000 sqft
Lot size
25 ft×123 ftft
Type
Other
Residential Commercial Mix
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.
Estimate only. Canadian mortgages are compounded semi-annually. Rates, taxes and fees will vary. Speak to a mortgage professional before making financial decisions.