723 LAKESHORE Road
Mississauga, Ontario
2,000 sqft • Other
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.
Price History
Property
- Lot Size
- 0.07 acres
Schools
Elementary
- Queen of Heaven School0.8 km
Catholic · Dufferin-Peel CDSB · 360 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 94% met the provincial standard
- St. James Catholic Global Learning Centr1 km
Catholic · Dufferin-Peel CDSB · 240 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 67% met the provincial standard
- Janet I. McDougald Public School1 km
Public · Peel DSB · 480 students
Grade 3 reading: 61% met the provincial standard
Secondary
- St Paul Secondary School0.8 km
Catholic · Dufferin-Peel CDSB · 880 students
Grade 10 literacy: 89% met the provincial standard
- Cawthra Park Secondary School0.9 km
Public · Peel DSB · 1085 students
Grade 10 literacy: 91% met the provincial standard
- Peel Alternative South1.9 km
Public · Peel DSB · 190 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L5G
- Population
- 20,714
- Private dwellings
- 9,226
- Median age
- 45.2
- Average household size
- 2.4
- Median household income
- $95,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Mississauga · last 12 months
- Median sold price
- $870,000
- Homes sold
- 5,441
- Median days on market
- 24
- Sale-to-list price
- 97.5%
Based on 5,441 recorded sales of other properties in Mississauga over the last 12 months.
Location
Mortgage Calculator
$239,000
Estimated Monthly Payment
$5,871
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,871/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $299/mo
Estimates only. Consult a financial advisor.
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