$1,499,000

For sale

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7060 Airport Road, Mississauga (Malton) - Retail for Sale

7060 Airport Road, Mississauga (Malton), Ontario, L4T2G8

1,800 ft²Listed 93 days ago

Overview

This retail property in Mississauga is for sale offering roughly 1,800 sq ft of space.

Retail Space for Sale in Mississauga →All real estate in Mississauga →

Description

Sale of Live Work Retail Property with 3 furnished residential units [2 bedrooms (Kitchen,1 washroom) Apartment + 1 bedroom (kitchen, 1 washroom) Apartment on 2nd floor + 1 bedroom (kitchen, 1 washroom) apartment in the basement + RETAIL unit on main floor and part basement]. Freshly updated interiors of all the units in the property with ample natural light. Currently used as a Medical Spa & BeautyTraining Centre. Plaza has multiple permitted uses and ample parking. Main floor Approx 900 sq.ft + Second floor Approx 900 sq.ft + Additionally Approx 900 sq. ft finished Basement. Close to Major highways-407, 427, GO station Prime intersection - Derry/Airport. Perfect for Investors: Income generating Asset 2nd floor units: 2 bedroom+1 bedroom fully furnished currently operated as AIRbnb through property management company and generating $5000 per month; 1 Bedroom basement unit leased for $1200 per month + Retail unit has been leased for a term of 5 years for $5500 per month. CAP RATE Approx over 7.5%. (id:66096)

Property Details

MLS®: W13633218
Property Type: Retail
Zoning: Commercial
Interior Size: 1,800 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,714.15/yr
Listed: 93 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Mississauga (Malton) listings, avg age

72d

Price / ft²

$833

List price

$1.50M

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

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Listed by RE/MAX OPTIMUM REALTY · PARVEEN ARORA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4T)

This home lists at $1,499,000, about 17.8× the local median household income of $84,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 249% above the area median.

Median household income: $84,000
Population: 38,182
Median age: 34.4
Owner / renter: 60% / 40%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4T)

$1,499,000· $833/ft²

For sale

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Financing

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