$735,000
4.76 BTC
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885 Lakeshore Road 5, Mississauga
$735,000
PRICE
2
BEDROOMS
2
BATHROOMS
W12435870
MLSID

885 Lakeshore Road 5, Mississauga

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.
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Sold History

SOLD
27 October 2011
$280,000

Summary

Address
885 Lakeshore Road 5
Community
MLSID
W12435870
Property Type
Condo Apartment
Property Category
Bedrooms
2
Bathrooms
2
Kitchens
1
Taxes (Annual)
$5,556.00
Tax Year
2025
Published
September 30, 2025
Days on Market
20 Days
Possession Type
90+ Days
Possession Details
Commercial Tenanted
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Inclusions

Dishwasher, window coverings, electrical light fixtures, washer & dryer, shed, stainless steel appliances, two parking spots directly in front of the unit. Front entrance with canopy + back entrance w/ a patio. Very low maintenance fee.

Exclusions

None

Details

Property Features
Marina, Library, Public Transit
Security Features
Alarm System
Bathroom 1
3-Piece Ground Level
Bathroom 2
3-Piece Ground Level
Basement
None
Exterior Features
Awnings
Interior Features
Water Heater
Parking Spaces
2
Parking Total
2
Architectural Style
Apartment
Construction Materials
Brick, Concrete Block
Exposure
South
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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