Central · L6K 1E3
$9,500,000
$1,063 / sq ft2 months on market
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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".
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 100% of comparable retail listings in Oakville are asking less.
Based on 18 comparable active retail listings in Oakville. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $9,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.