For Sale

723 Lakeshore Road, Mississauga, Ontario L5G 1J7

$1,245,000

723 Lakeshore Road, Mississauga, Ontario L5G 1J7 is For Sale and has a listing price of 1,245,000. The property is located in the Lakeview neighbourhood . It's been on the website for 1 Day.

  • Investment
    Property Type
  • MLS ID: W12748344
  • Office Name EXP REALTY
Property Description

Shovel-ready mixed-use redevelopment opportunity along the Lakeshore corridor. The existing two-storey building features one retail unit and one residential apartment, offering holding income with clear upside. The property is fully approved to add a third storey and convert to six residential units plus one retail space. Zoning by-law approval, site plan approval, and architectural drawings are all complete. A new owner can pull permits and proceed directly to construction. Further value is created through reduced development charges from the City of Mississauga, available until November 2026, enhancing overall project economics.

Property Details
  • MLS ID: W12748344
  • Price: $1,245,000
  • Lot Depth: 123
  • Transaction Types: For Sale
  • Ref ID: W12748344
  • Year Built: N/A
  • Dir / Cross St: Cawthra
  • Status: Active
  • Tax Year: 2025
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
02/02/2026 W12748344 $1,245,000 For Sale - -
09/09/2025 W12390763 $199,000 For Sale - -
05/22/2025 W12165940 $299,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lakeview
  • $1,291,434 Average List Price
    based on 1 year
  • 67 New Listings
    based on 30 days
  • 78 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.09 % Up
  • Sold (12mo) 234
  • Rented (12mo) 159

  • 1 Month Change -100.0%
  • 3 Month Change -
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Parking Spaces: 4
  • Taxes: $14,245
  • Last Status New
  • Original Price: $1,245,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 02/02/2026 15:21:27
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