$9,500,000

A rare opportunity to acquire a premier downtown Oakville redevelopment asset, ideally positioned for an owner-occupier, investor, or long-term landholder. Occupying 0.58 acres at the high-profile southwest corner of Lakeshore Road West and Kerr Street, just moments from Lake Ontario, this single-tenant property combines exceptional location fundamentals with strong income potential and significant mixed-use redevelopment upside. A new roof was installed in late 2025, and the property further benefits from a filed and acknowledged Record of Site Condition, offering added confidence for sophisticated purchasers and future planning initiatives. Nearby precedent at 42 Lakeshore Road West, two blocks east at Lakeshore Road West and Chisholm Street, further supports the area's intensification trajectory; on the same lot size, the Ontario Land Tribunal approved an 11-storey mixed-use development comprising approximately 142,300 square feet of total gross floor area, 152 residential units, and ground-floor commercial/retail space. Together, the comparable scale, location, and approval history reinforce the subject property's compelling future redevelopment potential. Please refer to the attachment for a comprehensive list of permitted uses under the title "CBD". (id:41202)