Business For Sale · Land

1575 HURONTARIO STREET, Mississauga (Mineola)

1575 HURONTARIO STREET, Mississauga (Mineola), ON L5G3H7

$7.3M total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

87%

Lot Size

0.95 ac

About this property

The vacant land is located south of the QEW on the west side of Hurontario Street in the desirable Mineloa Neighbourhood of Mississauga. The area benefits from excellent connectivity via major arterial routes including lakeshore road, Huronatario street, and the QEW, with the GO transit rail service running along the southern boundary of the community. Mineloa is well established neighbourhood offering a mix of residential and select commercial uses. The property is situated within the Hurontario LRT corridor, an area identified for increased density and intensification. The site presents a development opportunity for 18 townhome dwellings accessed by a private condominium road. The existing r1-1 zoning permits a range of low density residential uses including detached semi-detached and duplex dwellings. (id:66811)

Financial sandbox

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Estimate
Purchase price$7.30M
Down payment30% · $2.19M
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$34K

Projected NOI

$333K

Annual cash flow

$-71K

Cash-on-cash

-3.25%

DSCR

0.82

Going-in cap

4.57%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

110,605

Households

46,839

Median income

$131,500

Median age

38.6

Daytime population

115,049

5-yr growth

5.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1575 HURONTARIO STREET, Mississauga (Mineola).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.