723 LAKESHORE ROAD E

$1,195,000

Lakeview, Mississauga, Ontario

  • 2,000 square feet
Commercial · Multi-familyType
4Parking
Forced air, Natural gasHeating
Fully air conditionedCooling
208Days on market
$598 / sqftPrice / sqft

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:45603)

Property details

Interior

Living area
2,000 square feet

Exterior & parking

Structure type
Multi-Family
Architectural style
[]
Lot size
2000
Parking spaces
4

Building & HOA

Heating
Forced air, Natural gas
Cooling
Fully air conditioned

Financial & legal

List price
$1,195,000
Price / sqft
$598 / sqft
Annual taxes
$14,245 (2025)
Status
Active
MLS® number
W12748344

Location

City
Mississauga
Neighbourhood
Lakeview
Province
Ontario
Postal code
L5G1J7
Directions
Cross Streets: Cawthra. ** Directions: Cawthra-Lakeshore.

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).