Condo for sale at 5-885 Lakeshore Road, Mississauga, Ontario, L5E 1E2 - Lakeview - MLS: W12435870

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5-885 Lakeshore Road

Mississauga, Ontario, L5E 1E2 - Lakeview

$735,000

Neighbourhood

Lakeview
Major Intersection

Cawthraw and Lakeshore

Listed Since: 9 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

800-899
Exposure

South
Total Parking

2
Maintenance

$390
Taxes

$5,556.00 (2025)
Balcony

None

Property Description

Property description for 5-885 Lakeshore Road, 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.

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Property details

MLS #

W12435870
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

None
Parking Type

Exclusive
Locker

None
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Visitor Parking
Maintenance Fee Includes

Parking, Taxes
Property Management

PSCP 845
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

W12435870
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

None
Parking Type

Exclusive
Locker

None
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Visitor Parking
Maintenance Fee Includes

Parking, Taxes
Property Management

PSCP 845
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

3.55 x 3.93 ft Ground level

Large Window, Pot Lights, Double Doors
Br

3.52 x 4.14 ft Ground level

Closet, Window, Ceramic Floor
2nd Br

308.0 x 3.89 ft Ground level

Window, Walk-Out, Ceramic Floor
Kitchen

4.23 x 1.98 ft Ground level

Stainless Steel Appl, Ceramic Floor
Foyer

1.88 x 5.13 ft Ground level

Ceramic Floor

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 5-885 Lakeshore Road, Mississauga

This property has been sold 13 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Local Real Estate Price Trends for Condo Apt in Lakeview

Active listings

Average Selling Price of a Condo Apt

September 2025

$734,130

Last 3 Months

$673,345

Last 12 Months

$647,348

September 2024

$705,000

Last 3 Months LY

$716,042

Last 12 Months LY

$634,955

Change

-6%

Change

Historical Average Selling Price of a Condo Apt in Lakeview

Average Selling Price

3 years ago

$688,600

Average Selling Price

5 years ago

$622,975

Average Selling Price

10 years ago

$318,683

Change

18%

Change

130%

Number of Condo Apt Sold

September 2025

Last 3 Months

Last 12 Months

September 2024

Last 3 Months LY

Last 12 Months LY

Change

-14%

Change

50%

Change

20%

How many days Condo Apt takes to sell (DOM)

September 2025

Last 3 Months

Last 12 Months

September 2024

Last 3 Months LY

Last 12 Months LY

Change

21%

Change

68%

Change

23%

Average Selling price

Inventory Graph

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.