$3,798,888
Mississauga
279 Lakeshore Road East, Mississauga (Port Credit), Ontario, L5G1G8
This retail property in Mississauga is for sale offering roughly 7,000 sq ft of space. It has been on the market 16 days, fresher than the Mississauga average of 62 days.
PRIME INVESTMENT OPPORTUNITY: PORT CREDIT MIXED-USE CORNER PROPERTY. Suitable for owner user scenarios for both commercial and residential components. Exceptional turnkey commercial-residential asset situated in the vibrant heart of Port Credit, Mississauga. Boasting 40 feet of premium corner frontage directly on high-traffic Lakeshore Road, this versatile property guarantees maximum exposure and outstanding year-round foot and vehicular traffic for commercial occupants. An unparalleled addition to any investment portfolio or a perfect owner-user opportunity, this high-yielding asset features: 3 High-Visibility Retail Units: Prominent street-facing storefronts ideal for premium retail, boutique services, or professional offices. 5 Residential Apartments: Well-proportioned units offering reliable income streams with excellent rental upside. A Rapidly Densifying Corridor, Flanked by major high-rise residential and master-planned developments to both the east and west, ensuring a rapidly growing local client base. Just a 15-minute walk to the Port Credit GO Transit Station and the upcoming Hazel McCallion LRT, providing effortless access to downtown Toronto. Located steps from the shores of Lake Ontario and surrounded by multi-million dollar luxury homes. Secure a footprint in one of Mississauga's most prestigious, high-growth, and supply-constrained mixed-use communities. Ideal for an investor seeking strong net operating income or a business owner looking to occupy a premier commercial storefront while collecting residential rent. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 62 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Mississauga (Port Credit) has been listed for 16 days, which is 46 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,798,888, about 40.0× the local median household income of $95,000.
Carrying it typically needs a household income of about $742,056 (20% down, 25-yr amortization, stress-tested) — roughly 681% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5G)
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