Just Listed
Address
241-243 Lakeshore Road E, Mississauga, ON
Price
$ 3,099,900
Property Attributes
  • ID#W13830054
  • TypeCommercial
  • Listing Status Active
  • MunicipalityMississauga
  • CityMississauga
  • NeighbourhoodPort Credit
  • Postal CodeL5G 1G8
  • StyleRetail
  • Price$ 3,099,900
  • Bedrooms{}
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4773
Data Source:
RLP - CREA EN
Property Description

Two exceptional mixed-use investment opportunities located in Port Credit East. This well-maintained double-wide building offers 4700 sq ft of rentable area plus an additional 2300 sq ft of usable lower-level space. Current financial performance is strong, with a leveraged cap rate of over 7% with a 30% down payment and a 25 yr amortization period. 241 Lakeshore Road E. features a well-established restaurant tenant on the main floor, a tenanted 2-bedroom apartment, and 2 rear parking spaces. The second-floor apartment features 2 generously sized bedrooms, a spacious living area with walk-out to a private deck, a 4-piece bathroom, bright interiors, skylights, and private front and rear entrances. 243 Lakeshore Road E. features a tenanted main-floor commercial space and 2 one-bedroom apartments on the upper level, each offering bright interiors, well-sized bedrooms, large windows, and a 4-piece bathroom. Ideally located in vibrant Port Credit with excellent transit accessibility, strong pedestrian exposure, and established surrounding retail and services. An excellent investment opportunity for investors seeking an established property in a highly active area. Images for 241 Lakeshore Rd. E. are not the current branding and colours

General Features

Zoning C4 - Main Street Commercial
Terms SALE
Neighbourhood Port Credit
Property Sub Type RETAIL
jumpId 29309450
Property Subtype French Retail
Listing Type French Commercial
MLS W13830054
Property Type Retail

Interior Features

Living Area Range 4773 sqft
Bedrooms {}
Cooling Type Partially air conditioned
Heating Fuel Natural gas
Heating Type Forced air, Hot water radiator heat

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L5G 1G8

Price
AVG $650K
$3.1M

Your Agent

Listed By
Ian Wilson with Royal LePage Real Estate Services Ltd. ; Christopher Chandler