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$2,749,000
Mississauga
3274 Mississauga Road, Mississauga (Erin Mills), Ontario, L5L1J4
This lot in Mississauga is for sale offering roughly 19,057 sq ft of space.
Attention Builders and Developers! An exceptional opportunity awaits with this prime building site. Conditional severance had already been approved for two lots in the past, offering flexibility and immense development potential. Architectural drawings for a luxurious 6,800 sq. ft. home are available, simplifying the development process. Currently, the property is tenanted at $3,150/month plus utilities, with tenants willing to stay or vacate, providing immediate rental income or a vacant site ready for your vision. This is an unmatched chance to develop in a desirable and evolving area. Whether you plan to build two modern homes or a single luxury residence, this property offers the foundation for a highly profitable venture. Proximity to UTM (University of Toronto Mississauga) Ideal for future tenants or buyers. Walking distance to essential amenities, including shopping, dining, and transit. Lot can be severed horizontally or vertically to get two equal lots. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 52 days on market, against an average age of 46 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 vacant land in Mississauga (Erin Mills) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,749,000, about 25.0× the local median household income of $110,000.
Carrying it typically needs a household income of about $536,976 (20% down, 25-yr amortization, stress-tested) — roughly 388% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5L)
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