Re-listed 44 days ago

509 Lakeshore Rd, Oakville, Ontario L6K 1G6

Detached
2
2
~2500-3000 sqft
$•••,•••
$2,690,000
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$26,900Cashback
Detached
2
2
~2500-3000 sqft

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Highlights

Property Estimate

Days on market44 days

Total days on market
463 days

Estimated valueNot available

Price/Sqft$986/sqft

Monthly cost

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CMA Subject Property

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+4

Properties sold*

$3M

Median sold price*

*Based on last 30 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. **EXTRAS** All existing appliances: Fridge, Gas Stove & Washer. All existing ELFS & window coverings


Property Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size15,625 SqFt(125 x 125)
Parking Spaces10
MLS ®NumberW12240112
Community NameSouthwest Oakville
Data SourceTRREB
Listing byRE/MAX CONDOS PLUS CORPORATION

Features

Heating: Forced Air
Cooling: Central Air
Basement: Unfinished

2nd Floor

Primary

4.11 x 3.43

Laminate / Closet / Window

Living

7.06 x 3.05

Laminate / 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


Market Data - Southwest Oakville

Geo Zone Map ThumbnailSouthwest Oakville

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

128 days

Compared to

2024

40 days

2023

2 days

2022

30 days

New Listings

Past 30 days

14 listings

Compared to

2024

7 listings

2023

5 listings

2022

12 listings

Units sold

Past 30 days

2 units

Compared to

2024

4 units

2023

1 unit

2022

3 units

Median Sold Price

Past 30 days

$2,350,000

Compared to

2024

$2,985,000

2023

$2,150,000

2022

$2,375,000


Population and Demographics

Overview

Total population 4054
Average household income $272,783

Age (%)

0 to 19
24%
20 to 34
15%
35 to 49
18%
50 to 64
24%
65 and plus
19%

Household composition (%)

Single family
79%
Single person
18%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
76%
Mandarin
5%
Others
4%
Arabic
3%
Italian
2%
Tagalog (Pilipino, Filipino)
2%
Portuguese
1%
Urdu
1%
French
1%

House tenancy (%)

Owners
85%
Renters
15%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget