$3,499,850 - 1489 Hurontario Street, Mississauga
Land for Sale in Mississauga
Neighbourhood: Mineola
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- MLS Number
- W13761302
- Property Type
- Land
- Status
- active
- Days on Site
- 28
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,088 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $13,978
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
An Exceptional And Truly Once-In-A-Generation Development Opportunity Awaits At 1489 Hurontario St, Set Within The Prestigious Mineola Community-One Of Mississauga's Most Coveted & Rapidly Transforming Neighbourhoods. Opportunities Of This Scale, Location & Development Readiness Are Increasingly Rare, Making This Offering An Extraordinary Prospect For Builders, Developers & Investors Seeking To Secure A Landmark Project In A High-Demand Market. Positioned On An Expansive Approx Half-Acre Parcel, The Property Has Already Received Approval For The Development Of 9 Luxurious 3-Storey Townhomes, Eliminating Much Of The Uncertainty & Time Associated W/ The Development Process. This Ready-To-Proceed Approval Creates A Compelling Path To Value Creation In A Market Where Development Land Is Becoming Increasingly Scarce. Strategically Located Along The Highly Anticipated Hurontario LRT Corridor, The Site Is Poised To Benefit From Significant Infrastructure Investment, Enhanced Connectivity & Continued Population Growth, Further Strengthening Its Long-Term Appreciation Potential. Surrounded By Established Multi-Million-Dollar Estates, Luxury Infill Projects & New Redevelopment Activity, The Area Continues To Experience Strong Demand From Both End Users & Investors. Adding To Its Significance, The Property Offers Future Vision Beyond Its Existing Entitlements, Including The Potential To Explore A Mixed-Use Concept Incorporating Residential & Commercial Components, Subject To Applicable Approvals. This Addn'l Flexibility Creates A Rare Opportunity To Maximize Density, Functionality & Overall Project Value Within One Of The GTA's Most Desirable Urban Nodes. Nestled Among Mature Tree-Lined Streets & Distinguished Estates, Yet Just Minutes From Port Credit's Vibrant Waterfront, Boutique Shopping, Renowned Restaurants, Marinas, GO Transit, & The QEW, This Prime Development Site Combines Prestigious Location, Proven Demand, & Exceptional Growth Potential.
Estimate your monthly payments for this property
Estimated Payment
$15,481.02/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Classic Elegance Near the Lake
Mineola is one of Mississauga's most desirable mature neighbourhoods, featuring grand homes on generous lots, tree-lined streets, and a strong community atmosphere. Located between Port Credit and Lorne Park, Mineola offers the best of both worlds - proximity to the waterfront and easy access to major transportation routes.
Why Live in Mineola
- •Grand homes on large, mature lots
- •Tree-lined streets with established character
- •Walking distance to Port Credit village
- •Excellent schools and family environment
- •Strong community engagement
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 5 minute drive
- •MiWay bus service
- •Close to QEW for highway access
- •18-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Tall Oaks Park
- •Mineola Community Centre
- •Close to Port Credit waterfront
- •Local parks and green spaces
- •Walking trails
Lifestyle & Community
Mineola offers a peaceful, established neighbourhood feel with easy access to Port Credit's amenities. Residents enjoy the best of suburban living with the convenience of nearby urban attractions.
1489 Hurontario Street, Mississauga
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Mississauga planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Land Market Timeline
Vacant land typically takes longer to sell than residential homes — 60 to 180+ days is common. Commercial and development-oriented buyers need time to conduct feasibility studies, consult planners, and arrange specialized financing. Don't read anything into the days-on-market figure without comparing to similar parcels in Mississauga.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Mississauga's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.