1200 Lorimar Drive, Mississauga, ON

$1,999,000
MLS#:W12787540
0 beds
1 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] industrial located in the coveted neighborhood of Northeast. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,999,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 1 Bathroom
  • Premium 40 x 91 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient outside/surface garage included
  • equipped with ["no"] central cooling and highly efficient gas forced air open heating

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**

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Key Features

Bathrooms
1
Property Type
Commercial

Additional Details

StatusActive
Listed Date2/13/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeIndustrial
Lot Size40 × 91 Feet
CountyPeel
Annual Tax$12,500
Legal DescriptionUNIT 7 & 8, LEVEL 1, PEEL STANDARD CONDOMINIUM PLAN NO. 1119

Parking & Garage

Garage TypeOutside/Surface

Heating & Cooling

Heat TypeGas Forced Air Open
Cooling["No"]

Features

Property Features

Community Features

Location

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1200 Lorimar Drive, Mississauga, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Northeast, Mississauga.

Verified Local Data
Population6,202,225
Median Age40.1 Yrs
Ownership72% Owners
Avg Area List Price$338,136

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

Khalsa Malton
Public7280 Airport Road, Malton, Mississauga, Ontario, L4T 0A4
10.0
Sts Martha & Mary
Public1760 Bough Beeches Boulevard, Rockwood Village, Mississauga, Ontario, L4W 2B9
7.5

Secondary Schools

Philip Pocock
Public4555 Tomken Road, Rathwood, Mississauga, Ontario, L4W 1J9
5.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1200 Lorimar Drive 7-8, Mississauga, ON L5S 1R4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$1,599,200
Monthly Mortgage$9,292
Property Tax (Est.)$1,042
Utilities & Maint.$350
Total Monthly Cost$10,684

Nearby School Rankings

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Within 2km radiusFraser Institute Ratings

Nearby Listings

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No current listings found in Mississauga.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.