5 - 885 Lakeshore Road E, Mississauga, Ontario L5E 1E2

Listed for:
$735,000
2 beds
2 baths
Listed 50 days ago
Apartment for rent: 5 - 885 Lakeshore Road E, Mississauga, Ontario L5E 1E2

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Learn more about this property
Listing provided by:
CHESTNUT PARK REAL ESTATE LIMITED
MLS® number:
W12435870
Agent:
Libertad Martinez
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About

Cawthraw and Lakeshore 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:27476)

Property Highlights

MLS® Number
W12435870
Type
Single Family
Community Name
Lakeview
Maintenance Fee
390.00
Ownership Type
Condominium/Strata
Parking Space Total
2

Building

Building Type
Apartment
Square Footage
800 - 899 sqft
Bathrooms Total
2
Bedrooms Above Ground
2
Bedrooms Total
2
Amenities
Visitor Parking Marina, Public Transit
Exterior Finish
Brick, Concrete Block
Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Location

Street Spotlight - For sale