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$735,000
Available - For Sale
Listing ID: W12439071
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.
Price $735,000
Taxes: $5,556
Tax Type: Annual
Monthly Condo Fee: $390
Occupancy by: Tenant
Address: 885 Lakeshore Road East , Mississauga, L5E 1E2, Peel
Postal Code: L5E 1E2
Province/State: Peel
Legal Description: UNIT 3, LEVEL 1, PEEL STANDARD CONDOMINI
Directions/Cross Streets: Cawthraw / Lakeshore Rd.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Store With Apt/Office
Building Percentage: F
Total Area: 880
Total Area Code:  Square Feet
Office/Appartment Area: 20
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Recreation/Comm  
Approximatly Age: 16-30
Maintenance: 0
Sprinklers: Part
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CHESTNUT PARK REAL ESTATE LIMITED

885 Lakeshore Road East , Mississauga, L5E 1E2, Peel


 
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Type: Com - Store W Apt/Office
Area: Peel
Municipality: Mississauga
Neighbourhood: Lakeview
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Approximate Age: 16-30
Tax: $5,556
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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