885 Lakeshore RD East #5 Active Save Request In-Person Tour Request Virtual Tour
Mississauga (lakeview),ON L5E1E2
Key Details
Property Type Single Family Home
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $918
Subdivision Lakeview
MLS Listing ID W12435870
Bedrooms 2
Condo Fees $390/mo
Property Sub-Type Condo
Source Toronto Regional Real Estate Board
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. (id:24570)
Location
Province ON
Lake Name Lake Ontario
Rooms
Kitchen 1.0
Extra Room 1 Ground level 3.55 m X 3.93 m Living room
Extra Room 2 Ground level 3.52 m X 4.14 m Bedroom
Extra Room 3 Ground level 308 m X 3.89 m Bedroom 2
Extra Room 4 Ground level 4.23 m X 1.98 m Kitchen
Extra Room 5 Ground level 1.88 m X 5.13 m Foyer
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Ceramic
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Water Lake Ontario
Others
Ownership Condominium/Strata