4 beds3 baths8 parking2,250 ft²46 × 200 ft (9,200 sq ft) lot sizeListed 19 days ago
Overview
This multi-family property in Mississauga is for sale offering roughly 2,250 sq ft of space. It has been on the market 19 days, fresher than the Mississauga average of 62 days.
A rare opportunity to acquire either a well-maintained, income-producing triplex or a permit ready two 23-foot semi-detached lots to build 6 units, subject to buyer verification and approvals. The permit ready semi-detached homes will include approximately 3050sq ft of finished above-grade living space including a detached garden suite, and a fully self-contained lower-level two-bedroom apartment of approximately 1,325 sq.ft. The property currently contains a well-maintained triplex generating approximately $7,000 per month in rental income, comprised of three units at approximately $2,500, $2,500, and $2,000. All tenancies are market-rate and month-to-month, providing valuable interim income while planning or advancing future redevelopment. Ideally located just steps to the lake and the Brightwater community, the property offers walkable access to Port Credit Village amenities including shops, restaurants, cafes, Farm Boy, LCBO, pharmacy, medical offices, and convenient highway access to downtown Toronto.43 Broadview and 19 Broadview are listed concurrently, presenting a unique opportunity for builders or investors to control adjacent properties and pursue a coordinated redevelopment of up to 12 total units, subject to municipal approvals. A proposed Montbeck-built configuration supports strong rental upside, with estimated rents of approximately $5,000/month for the upper residence, $3,000/month for the lower-level suite, and $3,000/month for the detached garden suite, totaling approximately $11,000/month per semi when fully leased. End users may occupy the primary residence while generating approximately $6,000/month from secondary suites to offset carrying costs. Rental figures are illustrative only. Buyers to verify zoning, approvals, measurements, severance status, and development potential to their own satisfaction. (id:66096)
Property Details
MLS®
W14084294
Property Type
Multi-family
Bedrooms
4
Beds (above / below)
4 above · 0 below
Bathrooms
3
Parking
8
Interior Size
2,250 ft²
Lot Size
46 × 200 ft (9,200 sq ft)
Frontage
46 ft
Storeys
2
Basement
Finished, N/A
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Garage
No Garage
Property Tax
$9,201/yr
Listed
19 days ago
Features
Foundation
Block
Exterior
Brick
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
19d
Mississauga (Port Credit) listings, avg age
62d
Price / ft²
$711
List price
$1.60M
Active: 19 days on market, against an average age of 62 days across the listings currently for sale in this city
Market timing · days on market0 → 62d avg age of current listings
Active · day 19
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.
Haho
This 4-bed multi-family in Mississauga (Port Credit) has been listed for 19 days, which is 43 days fresher than the city average of 62. Act while there is still low competition.
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