This prime mixed-use property offers incredible potential in a prestigious, high-traffic location. The main floor currently operates as a convenience store, benefiting from its proximity to Appleby College with over 800 students, creating a built-in customer base. The store has significant growth potential with a liquor license already in place, and there's an option to expand by offering seasonal flowers, plants, and pots. Additionally, the C1 SP:49 zoning allows for a wide range of businesses, such as medical offices, veterinary clinics, dental practices, or professional services, all ideal for the affluent residential community surrounding the area. A large parking lot and backyard provide convenience and space for future clientele. The second floor features a 2-bedroom apartment, offering additional rental income or the opportunity for a live-work setup. Whether you utilize the current structure or explore redevelopment options, this property is full of potential for both business and investment growth.
Address |
509 Lakeshore Rd W |
List Price |
$2,998,000 |
Property Type |
Free |
Type of Dwelling |
Detached |
Style of Home |
2-Storey |
Area |
Oakville |
Sub-Area |
Old Oakville |
Bedrooms |
2 |
Bathrooms |
2 |
Floor Area |
2,500 Sq. Ft. |
MLS® Number |
W9361278 |
Listing Brokerage |
RE/MAX CONDOS PLUS CORPORATION
|
Postal Code |
L6K 1G6 |
Tax Amount |
$9,200 |
Tax Year |
2024 |