Business For Sale · Specialty

324 LAKESHORE ROAD E, Mississauga (Port Credit)

324 LAKESHORE ROAD E, Mississauga (Port Credit), ON L5G1H4

$1.6M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

About this property

Detached commercially zoned property with exceptional exposure on high-traffic Lakeshore Road in the heart of Port Credit. Formerly operated as a dental office and suitable for a wide range of professional and medical uses. Property is offered for sale and provides strong future redevelopment potential. C4 zoning permits professional offices, medical/dental clinic, daycare, pharmacy, restaurant and other commercial and residential applications. Property features: High visibility on Lakeshore Road, On-site parking, Close proximity to public transit, Near Lakeview Village Master Plan redevelopment. Established commercial corridor, Ideal for owner-occupiers, investors, or developers seeking income today with long-term redevelopment upside in a rapidly growing area. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $479K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$101K

Annual cash flow

$12K

Cash-on-cash

2.53%

DSCR

1.14

Going-in cap

6.30%

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

76,652

Households

33,723

Median income

$128,500

Median age

38.2

Daytime population

111,239

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 324 LAKESHORE ROAD E, Mississauga (Port Credit).

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.