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.
- MLS®#:
- W12748344
- Property Type:
- Investment
- Property Style:
- Area:
- Peel
- Community:
- Lakeview
- Taxes:
- $14,245 / 2025
- Added:
- February 01 2026
- Lot Frontage:
- 25
- Lot Depth:
- 123
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- EXP REALTY
- Lot :
-
123
25
- Intersection:
- Cawthra
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Yes
- Heating Type:
- Gas Forced Air Closed
- Heating Fuel:
Listing Details
Insights
- Shovel-Ready Redevelopment: The property is fully approved for a mixed-use redevelopment, allowing for immediate construction of six residential units and one retail space, maximizing potential rental income.
- Holding Income with Upside: The existing two-storey building provides immediate cash flow through one retail unit and one residential apartment, while offering significant upside potential through redevelopment.
- Reduced Development Charges: The property benefits from reduced development charges available until November 2026, enhancing the overall project economics and making it a financially attractive investment.
Neighborhood Overview
Complete neighborhood profile for 723 Lakeshore Road E
Lakeview home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Lakeview
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
