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723 Lakeshore Road Mississauga ON

📍 Mississauga, Ontario L5G 1J7

$1,195,000

Active
25×123LOT (FT)

📋 Listing Highlights

StatusActive
MLS®W12748344
ListedFeb 2, 2026
Days on Market—
Property TypeCommercial
StyleInvestment
Cross StreetCawthra
PossessionFlexible

📝 Listing 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.

🏠 Property Details

Property TypeCommercial
StyleInvestment

📐 Lot & Land

Lot Width25 ft
Lot Depth123 ft
Cross StreetCawthra

🔧 Building & Utilities

HeatingGas Forced Air Closed
CoolingYes
GarageNone

💰 Financial

List Price$1,195,000
Annual Taxes$14,245 (2025)
PossessionFlexible

🧮 Mortgage Calculator

$239,000
Est. Monthly Payment
$5,871/mo
Principal: $956,000 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by EXP REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #W12748344 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.