1/403274 MISSISSAUGA ROAD, Mississauga (Erin Mills)
3274 MISSISSAUGA ROAD, Mississauga (Erin Mills), ON L5L1J4
$2.7M total
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Asset Class
Land
Size
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Building class
C
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
83%
About this property
Attention Builders and Developers! An exceptional opportunity awaits with this prime building site. Conditional severance had already been approved for two lots in the past, offering flexibility and immense development potential. Architectural drawings for a luxurious 6,800 sq. ft. home are available, simplifying the development process. Currently, the property is tenanted at $3,150/month plus utilities, with tenants willing to stay or vacate, providing immediate rental income or a vacant site ready for your vision. This is an unmatched chance to develop in a desirable and evolving area. Whether you plan to build two modern homes or a single luxury residence, this property offers the foundation for a highly profitable venture. Proximity to UTM (University of Toronto Mississauga) Ideal for future tenants or buyers. Walking distance to essential amenities, including shopping, dining, and transit. Lot can be severed horizontally or vertically to get two equal lots. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$13K
Projected NOI
$95K
Annual cash flow
$-57K
Cash-on-cash
-6.93%
DSCR
0.63
Going-in cap
3.46%
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
67,385
Households
23,647
Median income
$136,500
Median age
35.4
Daytime population
61,666
5-yr growth
9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 3274 MISSISSAUGA ROAD, Mississauga (Erin Mills).
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.