For Sale

1229 Lorimar Drive, Mississauga, Ontario L5S 1R2

$15,750,000

1229 Lorimar Drive, Mississauga, Ontario L5S 1R2 is For Sale and has a listing price of 15,750,000. The property is located in the Northeast neighbourhood . It's been on the website for 55 Days.

  • Industrial
    Property Type
  • 3
    Bathrooms
  • MLS ID: W11961977
  • Office Name ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Property Description

This well-maintained, freestanding building is in excellent move in condition. Situated in the highly desirable Dixie and Derry area the property is strategically located and offers convenient connectivity to major transportation routes, including Pearson International Airport. The property is divided into two sections: one half is owner-occupied, and the other now vacant. Buyer can buy with building fully vacant or the owner will stay and lease back his portion. Additionally, this property benefits from revenue generated by rooftop solar panels. Zoned E3, the building is suitable for a wide range of industrial and commercial uses, offering ample space for large vehicles, including tractor trailers. This flexibility, combined with its high-demand location, positions the property as an excellent choice for businesses looking to expand or establish a presence in an area with robust infrastructure and a variety of commercial amenities.

Property Details
  • MLS ID: W11961977
  • Bathrooms: 3
  • Price: $15,750,000
  • Lot Depth: 401
  • Transaction Types: For Sale
  • Ref ID: W11961977
  • Year Built: N/A
  • Dir / Cross St: Tomken and Derry
  • Status: Active
  • Tax Year: 2024
  • Property Type: Industrial
  • Property Type: Commercial
  • Property Sub Category: Industrial
Price History
List Date MLS ID List Price Status End Date Closed Price
02/07/2025 W11961977 $15,750,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Northeast
  • $2,822,630 Average List Price
    based on 1 year
  • 57 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change -91.5%
  • 3 Month Change -
  • 6 Month Change -
Walkscore
  • 51 Walk Score
    Somewhat Walkable
  • 55 Transit Score
    Good Transit
  • 63 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    39.6%
  • Commercial
    6.99%
  • Condo
    53.39%
  • Land for Sale
    0.02%
  • Parking
    0.01%
Additional Details
  • Heat Type Gas Forced Air Open
  • Washroom Type1: 3
  • Garage Type Outside/surface
  • Taxes: $73,928
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 07/02/2025 15:44:34
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