For Sale Mississauga Investment / Owner-User Opportunity 1659 Lakeshore Road West Mississauga, ON - JLL
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For Sale
Mississauga Investment / Owner-User
Elliot Medoff*
Senior Vice President
+1 416 238 9768
Elliot.Medoff@am.jll.com
Opportunity
Euan Darling*
1659 Lakeshore Road West Assistant Vice President
+1 416 238 9961
Mississauga, ON Euan.Darling@am.jll.com
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and / or the “Advisor”) is pleased to Vasudevan Sadasivan*
offer for sale a 100% freehold interest in 1659 Lakeshore Road West, Mississauga, ON (the Associate
“Property”). The offering represents an opportunity to acquire a one-and-a-half storey single- +1 647 466 2883
Vasudevan.Sadasivan@am.jll.com
tenant property on 11,000 sf of land located 1.5 km from of the Clarkson GO Station.
Erik Martin*
Fully tenanted by Clarkson Village Animal Hospital until October 2021, the Property offers
Analyst
stable in-place income as well as long-term assembly and redevelopment potential. The +1 416 238 9772
Property is ideal for a owner-user looking to occupy their own facility and offers significant Erik.Martin@am.jll.com
parking with approximately fifteen (15) parking stalls.
*Sales Representative
Salient Facts
Property Building Area:
Frontage:
Depth:
2,016 sf
50 ft.
220 ft.
Details
Lot Area: 11,000 sf
Year Built: ~1965
Year Renovated: 2000
Parking: ~ 15 surface stalls
Zoning: C4-64 (Mainstreet Commercial)
Official Plan: Mixed Use
Asking Price: $1,500,000
Clarkson / Southdown 2018 Demographics
32,200 3.67% $121,517
Population Growth Avg. Household (HH) Income
43
Median Age
12.3%
HH Income > $250,000
Total Population
(2013 - 2018)
Property
The Property is situated on the north side of Lakeshore Road West, approximately 1.5 kilometres from of the Clarkson GO Station.
This 11,000 sf lot offers 50 feet of frontage and is zoned Mainstreet Commercial (C4), allowing for a wide variety of commercial and
low-density residential uses, with a maximum height allowance of 3-storeys (16 m). The C4 zoning is unique amongst commercial
zoning types and allows for significant expansion of the existing building area providing an investor with meaningful future upside.
Tenant / Owner-User Opportunity
Clarkson Village Animal Hospital services the residential neighbourhoods of South Mississauga. The tenant offers full-service small
animal care including a 24-hour emergency and overnight care facility. Clarkson Village Animal Hospital was awarded the 2018
Reader’s Choice Award for Mississauga’s best veterinary hospital. With the current lease expiring in 2021 the Property presents an
excellent opportunity for an owner-user looking to own and operate their own commercial property in this rapidly intensifying locale.
Location
The Property is located at the signalized intersection of Lakeshore
Road West & Meadow Wood Road. Situated on South Mississauga’s
main commercial corridor, the Property is near the neighbourhoods
Highlights
• Single-tenant property on 11,000 SF of land
of Clarkson, Glen Leven, Birchwood and Park Royal. The local area fronting on Lakeshore Road West
is known for its large single-family detached homes that sell in
excess of $1,400,000. Demographics in the immediate area indicate • Close proximity to the Clarkson GO Station and
a wealthy, family-oriented population with a median age of 43 and the Queen Elizabeth Way (QEW)
an average household income of $121,517 per annum (compared to
• Fifteen (15) surface parking stalls on-site
the Mississauga average of $110,617 per annum).
• Current lease provides holding income for
The Property is close to the Clarkson GO Station, one of 15 stations on
developer or future owner-user
the Lakeshore West line that runs between Union Station and Burlington.
The Lakeshore West line is one of the most heavily used lines in the
GO Transit rail network and is a central part of Metrolinx’s “Big Move”
plan that includes electrifying the rail corridor to improve service Nearby Development
timing and frequency. The Property is well-serviced by Mississauga’s
The Property is situated near the highly-anticipated Craftsman
MiWay bus network with stops immediately outside of the Property,
Residences by the Vandyk Group located at 1575 Lakeshore
connecting the Clarkson and Long Branch GO stations and passing
Road West. This development consists of a new four-storey
through Port Credit.
multi-residential structure with 292 suites. The project is 100%
The Property is well connected to the local highway network, located sold at an average unit price of $540,000 for a 1-bedroom and
a five-minute drive south of the Queen Elizabeth Way and a 15-minute $950,000 for 2-3-bedrooms.
drive from Ontario Highways 403, 407 and 427.
The success of the nearby Craftsman Residences supports
Other nearby amenities include the University of Toronto- the long-term redevelopment potential of 1659 Lakeshore
Mississauga campus, Sheridan Centre Mall, Oakville Road West and the feasibility of the Property as part of a larger
Entertainment Centrum, the Mississauga Golf & Country assembly. The Property will continue to benefit from close
Club and several parks and greenspaces along the lakefront. proximity to rapid public transit and other nearby amenities.
N
PARK ROYAL 5
min. drive to
Queen
Rd.
.
5
.N
Elizabeth
Southdown
Clarkson Rd
Way BIRCHWOOD
min. bus ride
to Clarkson
GO Station
CLARKSON
Clarkson GO Station
Royal Windsor Dr. Lakeshore Rd. W.
GLEN LEVEN
N
22
min. drive to
Pearson Int’l
Airport
Union Station
24
min. drive to
Union
1659 LAKESHORE RD. W. Station
Clarkson Rd. N.
Ln.
Johnson
Lakeshore Rd. W.
Offering Process For more information
please contact:
JLL has been exclusively retained by the Vendor to seek Elliot Medoff* Euan Darling*
proposals to acquire the Property. The Property is offered Senior Vice President Assistant Vice President
for sale at $1,500,000 on an as-is, where-is basis, free and Capital Markets Capital Markets
clear of debt. The Vendor’s objective is to maximize sale +1 416 238 9768 +1 416 238 9961
proceeds, while preference will be given to offers with Elliot.Medoff@am.jll.com Euan.Darling@am.jll.com
limited conditionality. Offers should be submitted to the Vasudevan Sadasivan* Erik Martin*
attention of Elliot Medoff and Euan Darling at 22 Adelaide Associate Analyst
Street West, Suite 2600, Toronto, ON, M5H 4E3. Capital Markets Capital Markets
+1 647 466 2883 +1 416 238 9772
Vasudevan.Sadasivan@am.jll.com Erik.Martin@am.jll.com
*Sales Representative
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their represen-
tatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property
without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this
information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that
agreement. ©2019. Jones Lang LaSalle. All rights reserved. *Sales Representative **Broker.
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