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For Sale

803 lakeshore Road, Mississauga, ON L5E 1C8

$1,799,000

  • Store W Apt/Office
  • MLS® W13733864

Listing Brokerage: CASTLEMORE REAL ESTATE LIMITED

Description

Dare to compare !! Exceptional commercial/residential property,same owners for the last 59 years, meticulously maintained with many upgrades. This is an income generating building in a highly visible location,fronting on lakeshore with excellent exposure to both pedestrian and vehicular traffic, offering strong visibility for the retail component and convenient access to the residential tenants.The property features 3x2 bedrooms apartments and one retail space, providing an attractive combination of commercial and residential uses.The property is currently fully tenanted with leases in place until 2027,with tenants willing to stay offering immediate income to the next owner, Extensively upgraded and carefully maintained, the building features updated windows, roof and four side stucco finish, 400 amp electrical service,five separate meters,a new tankless water heater and a new air condition unit (for store only). With its long-standing ownership,established tenancy,significant recent improvements,multiple income streams and prime lakeshore exposure, this property represent an excellent opportunity for investors or owner-users seeking a solid,income producing asset with long term potential.Great upside in years to come with new developments coming to the area !!!

Property details

MLS® number
W13733864
Transaction
For Sale
Property type
Commercial
Style / use
Store W Apt/Office
Community
Lakeview
City
Mississauga
Building area
3500 Square Feet
Lot width
40.08 Feet
Lot depth
122.5 Feet
Heating
Electric Forced Air
Cooling
Partial
Garage
None
Taxes
$10,940.00
Tax year
2026
Retail area
700
Listing brokerage
CASTLEMORE REAL ESTATE LIMITED

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