Home with brick exterior material, street for 881 Lakeshore Rd, Mississauga Ontario L5E 1E2
22 hours on Market

881 Lakeshore Rd, Mississauga, Ontario L5E 1E2

Detached
3 + 1
3
~1100-1500 sqft
$1,400,000
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Detached
3 + 1
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market22 hours

Estimated valueNot available

Price/Sqft$1,103/sqft

Monthly cost

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CMA Subject Property

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+7

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

Mixed-Use, Multi-Stream Potential in Lakeview. Rarely does a property check this many boxes at once. End-user, investor, live/work, future development, you name it. 881 Lakeshore Road East is a free-standing mixed-use building with coveted C4 zoning, set in the heart of Mississauga's rapidly evolving Lakeview waterfront. The main floor offers a refreshed retail or office space complete with two bedrooms behind it, while the second floor brings a modern, self-contained one-bedroom apartment. Down below, a finished basement in-law suite with separate entrance creates even more flexibility. Translation: multiple revenue streams, live/work potential, or a portfolio-worthy income property. On the practical side: 8-10 parking spaces, an updated roof (2022), newer furnace and A/C, plus drawings already available for a future three-storey mixed-use build. With prime Lakeshore exposure, you're across from high-traffic businesses, minutes from Port Credit, and surrounded by Inspiration Lakeview, the city's transformative waterfront redevelopment that's reshaping this entire community. For the visionary investor, savvy entrepreneur, or anyone searching for the ultimate hybrid of home and business, this is a rare opportunity in a location that's only getting hotter. Includes 3 fridges and 3 stoves. Property sold as is.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size4,032 SqFt(126 x 32)
Parking Spaces8
MLS ®NumberW12366865
Community NameLakeview
Data SourceTRREB
Listing byRoyal Lepage Real Estate Associates

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance, Finished

Features

Lot size: 4,032 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Market Data - Lakeview

Geo Zone Map ThumbnailLakeview

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

51 days

Compared to

2024

32 days

2023

25 days

2022

12 days

New Listings

Past 30 days

39 listings

Compared to

2024

35 listings

2023

30 listings

2022

24 listings

Units sold

Past 30 days

11 units

Compared to

2024

7 units

2023

15 units

2022

6 units

Median Sold Price

Past 30 days

$1,400,000

Compared to

2024

$1,250,000

2023

$1,530,000

2022

$1,470,000


Population and Demographics

Overview

Total population 20145
Average household income $162,967

Age (%)

0 to 19
20%
20 to 34
17%
35 to 49
21%
50 to 64
23%
65 and plus
19%

Household composition (%)

Single family
67%
Single person
29%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
72%
Polish
6%
Portuguese
5%
Others
3%
Italian
3%
Spanish
2%
Mandarin
1%
Ukrainian
1%
Russian
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
73%
Renters
27%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget