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.
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
- 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®#: W12435870
Originating 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
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