Home with brick exterior material, building for 885 Lakeshore Rd #5, Mississauga Ontario L5E 1E2
20 days on Market

885 Lakeshore Rd #5, Mississauga, Ontario L5E 1E2

Other
-
-
~880 sqft
$735,000
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$7,350Cashback
Other
-
-
~880 sqft

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Highlights

Property Estimate

Days on market20 days

Estimated valueNot available

Price/Sqft$835/sqft

Monthly cost

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CMA Subject Property

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+13

Properties sold*

$980K

Median sold price*

*Based on last 30 days

Description

Income Property - Cash Flow Ready. Welcome to this rarely offered ground-level mixed-use unit in a boutique low-rise building in the heart of Lakeview. Bright and airy with a loft-like appeal, this versatile space is zoned for both commercial and residential use, making it a prime choice for investors seeking steady income and long-term flexibility. Currently tenanted by a reliable commercial occupant, the property is truly cash-flow ready, providing immediate returns with short-term lease upside. The upcoming lease renewal offers the opportunity to reposition or re-lease at higher market rents, creating excellent potential for value growth.The open-concept layout features soaring 10.5-foot ceilings, two rooms plus two washrooms, a full-size kitchen, and ensuite laundry. With two separate entrances, the front portion offers prime retail visibility along Lakeshore Road and can be used as an office, meeting room, or client-facing workspace. Additional highlights include a private patio and two direct parking spaces, ensuring convenience for both occupants and customers. Ideally located steps from Lakefront Promenade Park and Marina, minutes from vibrant Port Credit, and with quick access to Long Branch GO Station for a 25-minute commute to downtown Toronto, this property combines location, income stability, and future potential a perfect addition to any investors portfolio.


Property Details

StyleStore With Apt/Office
View-
Age of property16-30
SqFt~880 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberW12439071
Community NameLakeview
Data SourceTRREB
Listing byCHESTNUT PARK REAL ESTATE LIMITED

Features

Heating: Gas Forced Air Open
Cooling: Y
Basement: N

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Market Data - Lakeview

Geo Zone Map ThumbnailLakeview

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

38 days

Compared to

2024

31 days

2023

24 days

2022

21 days

New Listings

Past 30 days

85 listings

Compared to

2024

85 listings

2023

55 listings

2022

41 listings

Units sold

Past 30 days

20 units

Compared to

2024

13 units

2023

20 units

2022

24 units

Median Sold Price

Past 30 days

$931,000

Compared to

2024

$980,000

2023

$901,250

2022

$1,199,000


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