63 days on Market

509 Lakeshore Rd, Oakville, Ontario L6K 1G6

$2,998,000
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Detached
2
2
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,099/sqft

Est. Mortgage$12,875/mo

Tax Amount (2024)$9,200/yr

Days On Market63 days


Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size15,625 SqFt(125 x 125)
Parking Spaces10
MLS ®NumberW9361278
Community NameSouthwest Oakville
Data SourceTRREB

Features

Heating: Forced Air
Cooling: Central Air
Basement: Unfinished

2nd Floor

Living

7.06 x 3.05

Laminate / Window

Prim Bdrm

4.11 x 3.43

Laminate / Closet / Window

Kitchen

4.06 x 2.97

Laminate / Window

Br

4.11 x 3.51

Laminate / Window


Features

Lot size: 15,625 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property History

Now
ListedFor Salefor$2,998,000Active
63 days on market
Listing by trreb®
history photo preview25
Now
ListedFor Salefor$2,998,000Active
66 days on market
Listing by itso®
history photo preview28
Sep 6, 2024
ListedFor Salefor$2,998,000Terminated
Stayed 128 days on market
Listing by itso®
history photo preview31
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Property listed by RE/MAX CONDOS PLUS CORPORATION, Brokerage

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Market DataFor the past 30 days in Southwest Oakville

Median Selling Price

$2,375,000

87.75% more than GTA:

$1,265,000

Median Bidding

Underbidding - Trending to buyer market

-$124,000

GTA median: -$25,000

Median Number of Sales

17 sales

2828 sales less than GTA:

2845 sales

Median Number of Days on Market

19 days

2 days less than GTA:

21 days

Want more insights?Visit the Market Pulse


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