For Sale

885 Lakeshore Road Unit# 5, Mississauga, Ontario L5E 1E2

$0

885 Lakeshore Road Unit# 5, Mississauga, Ontario L5E 1E2 is For Sale and has a listing price of 735,000. The property is located in the Lakeview neighbourhood . It's been on the website for 8 Days.

  • MLS ID: W12439071
  • Office Name CHESTNUT PARK REAL ESTATE LIMITED
Property Description

Income Property – Cash Flow Ready. Welcome to this rarely offered ground-level mixed-use unit in a boutique low-rise building in the heart of Lakeview. Bright and airy with a loft-like appeal, this versatile space is zoned for both commercial and residential use, making it a prime choice for investors seeking steady income and long-term flexibility. Currently tenanted by a reliable commercial occupant, the property is truly cash-flow ready, providing immediate returns with short-term lease upside. The upcoming lease renewal offers the opportunity to reposition or re-lease at higher market rents, creating excellent potential for value growth.The open-concept layout features soaring 10.5-foot ceilings, two rooms plus two washrooms, a full-size kitchen, and ensuite laundry. With two separate entrances, the front portion offers prime retail visibility along Lakeshore Road and can be used as an office, meeting room, or client-facing workspace. Additional highlights include a private patio and two direct parking spaces, ensuring convenience for both occupants and customers. Ideally located steps from Lakefront Promenade Park and Marina, minutes from vibrant Port Credit, and with quick access to Long Branch GO Station for a 25-minute commute to downtown Toronto, this property combines location, income stability, and future potential a perfect addition to any investors portfolio.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: W12439071
  • Price: $735,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: W12439071
  • Dir / Cross St: Cawthraw / Lakeshore Rd.
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 16-30
  • Property Sub Category: Commercial Apartment
Price History
List Date MLS ID List Price Status End Date Closed Price
10/02/2025 W12439071 $735,000 For Sale - -
10/01/2025 W12435870 $735,000 For Sale - -
06/04/2024 W8403944 $3,200 Rented 06/27/2024 $2,875
06/03/2024 W8413856 $3,200 -
05/10/2024 W8326814 $870,000 Ter 07/31/2024 -
02/22/2024 W8085558 $3,500 -
11/22/2023 W7321914 $3,500 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lakeview
  • $1,300,427 Average List Price
    based on 1 year
  • 137 New Listings
    based on 30 days
  • 82 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.89 % Up
  • Sold (12mo) 242
  • Rented (12mo) 155

  • 1 Month Change -22.6%
  • 3 Month Change -
  • 6 Month Change -30.5%
Walkscore
Property Type Distribution
  • All Houses
    64.85%
  • Commercial
    7.57%
  • Condo
    27.35%
  • Land for Sale
    0.23%
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Outside/surface
  • Parking Spaces: 2
  • Taxes: $5,556
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Tenant Occupied
  • Listing Entry Date: 02/10/2025 03:35:16
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