Detached House for sale at 881 Lakeshore Road, Mississauga, Ontario, L5E 1E2 - Lakeview - MLS: W12366865

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881 Lakeshore Road

Mississauga, Ontario, L5E 1E2 - Lakeview

$1,400,000

Neighbourhood

Lakeview
Major Intersection

Lakeshore Rd E/Cawthra

Listed Since: 16 day(s)
Last update: 15 day(s) ago

Overview

Property Type

Detached, 2-Storey
Bedrooms

3 + 1
Bathrooms

3
Basement

Sep Entrance + Finished
Kitchen

2 + 1
Total Parking

8
Lot Size

32x126 (Feet)
Taxes

$4,381.00 (2025)
Type

Freehold

Property Description

Property description for 881 Lakeshore Road, Mississauga

Mixed-Use, Multi-Stream Potential in Lakeview. Rarely does a property check this many boxes at once. End-user, investor, live/work, future development, you name it. 881 Lakeshore Road East is a free-standing mixed-use building with coveted C4 zoning, set in the heart of Mississauga's rapidly evolving Lakeview waterfront. The main floor offers a refreshed retail or office space complete with two bedrooms behind it, while the second floor brings a modern, self-contained one-bedroom apartment. Down below, a finished basement in-law suite with separate entrance creates even more flexibility. Translation: multiple revenue streams, live/work potential, or a portfolio-worthy income property. On the practical side: 8-10 parking spaces, an updated roof (2022), newer furnace and A/C, plus drawings already available for a future three-storey mixed-use build. With prime Lakeshore exposure, you're across from high-traffic businesses, minutes from Port Credit, and surrounded by Inspiration Lakeview, the city's transformative waterfront redevelopment that's reshaping this entire community. For the visionary investor, savvy entrepreneur, or anyone searching for the ultimate hybrid of home and business, this is a rare opportunity in a location that's only getting hotter. Includes 3 fridges and 3 stoves. Property sold as is.

Listed by Royal Lepage Real Estate Associates

Property details

MLS #

W12366865
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

None
Total Parking

8
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W12366865
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Private
Garage

None
Total Parking

8
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Shingles
Foundation

Poured Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Contact Manoj Kukreja

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

Property History

Property history for 881 Lakeshore Road, Mississauga

This property has been sold 23 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 Detached in Lakeview

Active listings

Average Selling Price of a Detached

August 2025

$1,377,450

Last 3 Months

$1,422,166

Last 12 Months

$1,510,648

August 2024

$1,559,000

Last 3 Months LY

$1,491,015

Last 12 Months LY

$1,421,835

Change

-12%

Change

-5%

Change

Historical Average Selling Price of a Detached in Lakeview

Average Selling Price

3 years ago

$1,499,625

Average Selling Price

5 years ago

$1,190,216

Average Selling Price

10 years ago

$752,364

Change

-8%

Change

16%

Change

83%

How many days Detached takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

100%

Change

58%

Change

23%

Average Selling price

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Purchase Price

First time home buyer

Down Payment($)

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.