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For sale
  • C$735,000

    885 Lakeshore Rd E UNIT 5, Mississauga, ON L5E 1E2

    2beds
    2baths
    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$390/mo HOA

    What's special

    Bright open-concept propertyModern loft-style finishesFunctional layoutFull kitchenEnsuite laundryDedicated storefrontPrivate patio
    A truly unique and hard-to-find ground-level mixed-use unit in the heart of Lakeview, offering an excellent opportunity for both investors and future owner-occupiers. Located in a boutique low-rise building along Lakeshore Road, this bright, open-concept property features modern loft-style finishes and is zoned C4-29 for a wide range of commercial and live/work uses.Currently tenanted by a reliable, established commercial tenant paying market rent, this property is cash-flow ready and ideal for investors seeking short-term lease upside. The lease runs until June 30, 2026, allowing flexibility to re-lease at higher market rates upon expiry. For an end-user, the short remaining term remaining makes it ideal for owner-occupiers planning to transition into their own space, offering quick possession potential and versatility rarely found in this location.The functional layout features 10.5-foot ceilings, 2 rooms plus 2-baths, a full kitchen, and ensuite laundry. Two separate entrances provide a natural division between business and personal space, while the dedicated storefront offers excellent street exposure. A private patio and two direct parking spaces add convenience and appeal.Perfectly positioned steps from Lakefront Promenade Park and Marina, minutes from Port Credits vibrant shops and restaurants, and within easy reach of Long Branch GO Station for a quick 25-minute commute to downtown Toronto, this property is ideal for lawyers, accountants, designers, consultants, or wellness professionals looking to own their workspace rather than rent. Combining strong current income with future flexibility, it's a rare opportunity in one of Mississaugas most desirable lakefront communities.
    70 days
    |
    19
    |
    0
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 08, 2025 at 01:55pm

    Listed by:

    CHESTNUT PARK REAL ESTATE LIMITED

    Source: TRREB,MLS®#: W12435870MLS LogoOriginating MLS®#: Toronto Regional Real Estate Board

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Appliances
    • Included: Water Heater
    • Laundry: In-Suite Laundry
    Features
    • Basement: None
    • Has fireplace: No
    Interior area
    • Living area range: 800-899 null

    Property

    Parking
    • Total spaces: 2
    Features
    • Exterior features: Awning(s)
    • On waterfront: Yes
    • Waterfront features: Indirect, Lake
    • Body of water: Lake Ontario
    Lot
    • Features: Marina, Library, Public Transit
    Details
    • Parcel number: 198845000

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment
    Materials
    • Brick, Concrete Block

    Community & HOA

    Community
    • Security: Alarm System
    HOA
    • Amenities included: Visitor Parking
    • Services included: Building Insurance Included, Parking Included, Condo Taxes Included
    • HOA fee: C$390 monthly
    • HOA name: PSCP
    Location
    • Region: Mississauga

    Financial & listing details

    • Annual tax amount: C$5,556
    • Date on market: 10/1/2025
    CHESTNUT PARK REAL ESTATE LIMITED

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    Price history

    Price history

    Price history is unavailable.

    Public tax history

    Public tax history
    Tax history is unavailable.

    Climate risks

    Neighborhood: Lakeview

    Nearby schools

    GreatSchools rating

    No schools nearby

    We couldn't find any schools near this home.

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