$499,900 - 3140 High Springs Crescent, Mississauga
Land for Sale in Mississauga
57 days on marketNeighbourhood: Cooksville
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- MLS Number
- W13664422
- Property Type
- Land
- Status
- active
- Days on Site
- 57
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,387 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX OPTIMUM REALTY
Build your Dream Custom Home - Residential zoned land in the heart of Cooksville Mississauga. Perfect for First time home buyer wishing to build a custom home as per Vastu, Feng Shui (Or) First time Developer/Contractor for development. Recently Severed Corner Vacant Lot in a Rapidly growing Neighbourhood. Measuring Approximately 46.5 X 80 Feet, Can potentially develop a Two - Or Three - Storey Detached Home Exceeding 3,000 Sqft Above Grade. Site Plan Approval, Minor Variances & Architectural Drawings in place. Property also has a large Swimming pool in the backyard. Close to Many Amenities, Public park with Soccer, Baseball fields, splash pad, children's play area etc. Conveniently Located At The Intersection Of Confederation pkwy And Hillcrest Avenue, The Site Offers Outstanding Accessibility. Cooksville GO Station and Hurontario LTR are within A Five-Minute Walk, Providing effortless Regional Transit, While Nearby amenities Include Square One Shopping Centre, Canadian Tire, Home Depot, Canada superstore, Mississauga flea market and wide Range Of Everyday Services. A Rare, Build-Ready Opportunity In A High-Demand Mississauga Location, Well-Suited For Those Looking To Capitalize On Transit-Oriented Growth, Strong Market Fundamentals, And Lasting Neighbourhood Desirability. Seller open to apply for construction permit to get the property Shovel ready for immediate construction for the right buyer.
Estimate your monthly payments for this property
Estimated Payment
$2,564.75/mo
Includes CMHC insurance ($13,947)
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.
Downtown Mississauga Living
Cooksville is Mississauga's original downtown, centered around the intersection of Hurontario and Dundas. Today, the neighbourhood is experiencing significant intensification with new high-rise developments joining established residential areas. Cooksville offers excellent transit connectivity and is positioned to benefit from the Hurontario LRT.
Why Live in Cooksville
- •Central downtown Mississauga location
- •Future Hurontario LRT stop
- •Diverse dining and shopping options
- •Excellent transit connections
- •Mix of high-rise and low-rise housing
Nearby Schools
Transit & Commuting
- •Cooksville GO Station
- •Future Hurontario LRT
- •Major MiWay hub
- •Easy access to Highway 403 and QEW
Parks & Amenities
- •Cooksville Creek Trail
- •Mississauga Central Library
- •Celebration Square (nearby)
- •Diverse restaurants and shops
- •Community health services
Lifestyle & Community
Cooksville offers urban convenience with multicultural vibrancy. The neighbourhood is ideal for those who prioritize transit access and diverse amenities.
3140 High Springs Crescent, 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.
Extended Time on Market — Potential Leverage
At 57 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
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.