222 Lakeshore Rd E

On behalf of the Vendor, Colliers Macaulay Nicolls Inc. Brokerage (“Colliers” or the “Advisor”) are pleased to offer for sale a 100% freehold interest in 222 Lakeshore Road East, Mississauga (the “Property”).

222 Lakeshore Road East (the “Property”) in Port Credit presents a rare acquisition opportunity of a 15-unit multifamily building, with 100% vacant status, offering a versatile canvas for various institutions and investors. The property is currently undergoing full renovation, scheduled for completion in late 2024. Upon completion, the property will boast 15 brand new, condo quality apartments: 7 2-bedroom, 11-bedroom and 7 bachelor.

As a brand new property with no deferred maintenance, all of the building's plumbing, electrical and HVAC will be brand new, and all units will have brand new stainless appliances (fridge, stove, microwave, dishwasher), window coverings, in-suite laundry and air conditioning.

Ideally located along Lakeshore, the Property is incredibly transit friendly being a few minutes away from Port Credit GO, and a myriad of other transit alternatives. Port Credit, nestled along Lake Ontario in Mississauga, boasts a vibrant array of amenities. Its charming marina, waterfront parks, and scenic trails invite outdoor enthusiasts. Trendy shops, diverse dining options, and lively entertainment contribute to a bustling cultural scene.

The Property not only presents an exciting multifamily acquisition opportunity for savvy investors, but the vacancy of the building allows for unique users to occupy and manage the building. This property is well suited for Non-profit housing, medical, and educational institutions, making it a promising and versatile asset in the thriving Mississauga landscape.