For Sale

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

$735,000

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 64 Days.

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

Income Property – Cash-Flow Ready | Exceptionally Unique Main-Floor Opportunity. Welcome to an extremely rare, ground-level mixed-use unit in a boutique low-rise building in the heart of Lakeview. Fully situated on the main floor, this bright and airy space delivers a true loft-style aesthetic with exceptional versatility-zoned for both commercial and residential use, making it a standout investment with long-term flexibility. Currently occupied by a reliable commercial tenant, this unit is cash-flow ready, offering immediate income from day one. The tenant’s lease ends this summer, allowing the new owner to either occupy the space or re-rent it at market rates-an ideal scenario for investors seeking strong income potential and strategic control of the property. The open-concept layout features soaring 10.5 ft ceilings, two rooms, two washrooms, a full-size kitchen, and ensuite laundry. With two separate entrances, the front portion provides excellent retail visibility along Lakeshore Road-perfect for an office, meeting room, or client-facing business setup. Additional features include a private outdoor patio and two direct parking spaces, offering convenience and ease for both occupants and customers. Perfectly positioned just steps to Lakefront Promenade Park and Marina, minutes from vibrant Port Credit, and with fast access to Long Branch GO for a 25-minute commute to downtown Toronto, this property blends location, income stability, and future upside.A rare, ultra-unique main-floor opportunity-the perfect addition to any investor’s 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
  • $1,298,926 Average List Price
    based on 1 year
  • 60 New Listings
    based on 30 days
  • 82 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.07 % Up
  • Sold (12mo) 248
  • Rented (12mo) 152

  • 1 Month Change -
  • 3 Month Change +25.0%
  • 6 Month Change +42.8%
Walkscore
Property Type Distribution
  • All Houses
    64.77%
  • Commercial
    7.66%
  • Condo
    27.36%
  • Land for Sale
    0.21%
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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