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$7,990,000
Available - For Sale
Listing ID: W9378821
ZONED DEVELOPMENT SITE (GFA: 54,000 SF): Prominently located in the heart of Port Credit, the Property presents the unique opportunity to acquire an OLT Approved 10,000 sf mid-rise development site within one of the GTA's most sought after locations. Approved for an 8-storey, 54,000 sf mixed-use residential building, the Property is positioned steps from the Port Credit GO, Hurontario LRT Station and MiWay bus stop, providing for tremendous transit connectivity, with Downtown Toronto, City Centre and Pearson Airport accessible within a 35 minute commute. Enjoy the many amenities of Port Credit with the marina, waterfront trails, parks, restaurants and boutiques all located within a short walking distance. Positioned within the affluent Port Credit node, the Property is suitable for either a condo or rental development. Site Plan Application has not been submitted providing Purchaser with flexibility to influence the final development, however, significant work has been completed by the Vendor to allow for the quick submission and approval of the Site Plan Application.
Extras:   Opportunity to execute short team leases with current tenants to provide interim holding income in advance of construction.
Price $7,990,000
Taxes: $60,726
Tax Type: Annual
Occupancy by: Tenant
Address: 128 Lakeshore Rd East , Mississauga, L5G 1E4, Ontario
Postal Code: L5G 1E4
Province/State: Ontario
Legal Description: PT LT 2, PL PC2 ECR , N/S TORONTO ST AS
Lot Size: 66.15 x 152.03 (Feet)
Directions/Cross Streets: Lakeshore Road East/Ann Street
Zoning: C4-Mainstreet Co
Category: Multi-Use
Building Percentage: Y
Total Area: 12,482
Total Area Code:  Sq Ft
Office/Appartment Area: 2522
Office/Appartment Area Code: Sq Ft
Retail Area: 9960
Retail Area Code: Sq Ft
Financial Statement: N
Chattels: N
Franchise: N
Sprinklers: N
Outside Storage: N
Crane: N
Clear Height Feet: 8
Drive-In Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Elevator Lift: Frt+Pub
Sewers: San+Storm Avail
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
BTG REALTY ADVISORS INC

128 Lakeshore Rd East , Mississauga, L5G 1E4, Ontario


 
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Type: Com - Commercial/Retail
Area: Peel
Municipality: Mississauga
Neighbourhood: Port Credit
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Lot Size: 66.15 x 152.03(Feet)
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Tax: $60,726
Maintenance Fee: $0
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