7-8 - 1200 LORIMAR DRIVE, Mississauga (Northeast)

$1,999,000

For sale: Other

Other at 7-8 - 1200 LORIMAR DRIVE, Mississauga (Northeast)
Property type
Industrial
Bedrooms / bathrooms
1 bathroom
MLS®
MLS® W12787540
Neighbourhood
Northeast

An exceptional dual-unit offering 3,671 sq ft in a prime location with excellent Derry Road exposure and quick access to Highway 410/401, Facing (40ft front w/windows) to Derry Rd, close to Dixie Rd Sikh Temple, just minutes from Toronto Pearson Airport. Situated in a clean, well-maintained complex within a thriving commercial corridor on the border of Mississauga and Brampton, this property includes two units (1,804 sq ft and 1,867 sq ft - total 3,671 sq ft, Option to sell/buy both spearately) with a washroom, offering flexibility for investors or end-users** Electrical AMP for heavy duty usage** Zoned E2, the property permits a wide range of uses including restaurants, recreational facilities, manufacturing, office, warehouse/distribution, light industrial, science & technology facilities, commercial schools, financial institutions, service establishments, and accessory retail. Designed for efficient operations and shipping, the unit features two drive-in doors, including one with approximately 14+ ft clearance to accommodate large trucks and trailers**The generous layout allows easy maneuvering and turnaround for transport vehicles. Currently operating as a woodworking door and window business(Business not for sale), this versatile space is ideal for a wide range of industrial and commercial applications including office, warehouse/distribution, light manufacturing, science & technology facilities, commercial schools, financial institutions, service establishments, and accessory retail uses** Taxes & Condo fee combined for both units**

Sold data

Homes in Mississauga (Northeast) — recent sold market

Homes in Mississauga (Northeast) took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 46, across 1,403 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $874,900.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$874,900
Sale-to-list ratio
96.9%
Sold above asking
15%

Based on 1,403 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Mississauga (Northeast)

Mississauga (Northeast) has 131 Fraser Institute–rated schools (96 elementary and 35 secondary), averaging 6.8/10.

Rated schools
131
Elementary
96
Secondary
35
Average rating
6.8 / 10

Top-rated schools in Mississauga (Northeast)

  • AI-Manarat Heightselementary, MississaugaFraser rating 10.0/10
  • Kenollieelementary, MississaugaFraser rating 10.0/10
  • Khalsa Maltonelementary, MississaugaFraser rating 10.0/10
  • Safa & Marwa Islamicelementary, MississaugaFraser rating 10.0/10
  • St Rose of Limaelementary, MississaugaFraser rating 9.7/10
  • Olive Groveelementary, MississaugaFraser rating 9.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 7-8 - 1200 LORIMAR DRIVE