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

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

Other
-
-
~880 sqft
$735,000
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Other
-
-
~880 sqft

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Highlights

Property Estimate

Days on market62 days

Estimated valueNot available

Price/Sqft$835/sqft

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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

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


Property listed by CHESTNUT PARK REAL ESTATE LIMITED, Brokerage
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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

45 days

Compared to

2024

37 days

2023

19 days

2022

25 days

New Listings

Past 30 days

49 listings

Compared to

2024

44 listings

2023

42 listings

2022

33 listings

Units sold

Past 30 days

15 units

Compared to

2024

23 units

2023

10 units

2022

11 units

Median Sold Price

Past 30 days

$952,000

Compared to

2024

$965,000

2023

$1,323,500

2022

$1,215,000


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