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$ 735,000
Est. payment /mo
Active
885 Lakeshore RD E #5 Mississauga, ON L5E 1E2
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 800-899
Subdivision Lakeview
MLS Listing ID W12435870
Style Apartment
Bedrooms 2
HOA Fees $390
Annual Tax Amount $5,556
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
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.
Location
Province ON
County Peel
Community Lakeview
Area Peel
Body of Water Lake Ontario
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Awnings
Waterfront Description Indirect
Exposure South
Total Parking Spaces 2
Balcony None
Building
Building Age 16-30
Story 1
Unit Features Marina,Library,Public Transit
Locker None
Others
Security Features Alarm System
Pets Allowed Restricted
ParcelsYN No
Listed by CHESTNUT PARK REAL ESTATE LIMITED
