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$735,000Asking Price

885 Lakeshore Road E 5, Mississauga, ON L5E 1E2 #5

Lakeview, Mississauga

Condo
2
Bedrooms
2
Baths
2
Parking
Day on Market

Rarely offered ground-level unit in a boutique low-rise in the heart of Lakeview! Bright and airy with soaring 10.5 ft ceilings, this mixed-use space is zoned for both commercial and residential, offering exceptional versatility for live/work or investment. Featuring two entrances, prime Lakeshore Road exposure, 2 bedrooms, 2 baths, kitchen, ensuite laundry, a private patio, and two parking spots, plus a dedicated storefront area for office or extra living space. Currently tenanted by a commercial tenant, it provides strong investment potential with very low maintenance. Steps to Lakefront Promenade Park & Marina, minutes to vibrant Port Credit, and quick access to Long Branch GO for a 25-minute commute to downtown Toronto.

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Rarely offered ground-level unit in a boutique low-rise in the heart of Lakeview! Bright and airy with soaring 10.5 ft ceilings, this mixed-use space is zoned for both commercial and residential, offering exceptional versatility for live/work or investment. Featuring two entrances, prime Lakeshore Road exposure, 2 bedrooms, 2 baths, kitchen, ensuite laundry, a private patio, and two parking spots, plus a dedicated storefront area for office or extra living space. Currently tenanted by a commercial tenant, it provides strong investment potential with very low maintenance. Steps to Lakefront Promenade Park & Marina, minutes to vibrant Port Credit, and quick access to Long Branch GO for a 25-minute commute to downtown Toronto.

Key Info

  • Apartment Condo
  • 2 Parking
  • No Garage
  • Cawthraw and Lakeshore
  • 800-899 Approximate Sq Feet
  • 16-30 Years Approximate Age
  • South Exposure
  • No Balcony
  • Ensuite Laundry
  • No Locker
  • Forced Air Gas Heating
  • Central Air

Property

  • $390 Monthly Condo Fees
  • Includes: Building Insurance, Parking.
  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements
  • Amenities: Visitor Parking
  • Taxes were $556 in 2025
  • Possession: Commercial Tenanted

Details

  • Brick Exterior
  • No Fireplace
  • 1 Kitchen
  •  
  • Condo Corporation #845
  • Condo Registry Office: PSCP
  • MLS #W12435870
  • CHESTNUT PARK REAL ESTATE LIMITED

Extras

Room Floor Dimensions Details
1 Kitchen Ground 13.88' x 6.50' Stainless Steel Appliances, Ceramic Floor
2 Foyer Ground 6.17' x 16.83' Ceramic Floor
Washroom1 3-Piece Bathroom on Ground Floor
Washroom1 3-Piece Bathroom on Ground Floor

Who lives here?

Lakeview, Mississauga is a west GTA neighbourhood notable for its singles, executives, education, law & public sector professionals and tradespeople. It has a higher than average population of Polish speakers. Residents tend to be older with a significant number of adults aged 35 to 44, 35 to 44, 35 to 44 and 35 to 44 and seniors aged 65 to 69.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Mississauga  (1.4)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

45% of residents are
single and loving it.

45% singles

Mississauga (44%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

26% of residents
are renters.

26% renters

Mississauga (29%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

33% of residents are
university grads.

33% university grads

Mississauga (45%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$119K

is the average household
income in the neighbourhood.

Mississauga  ($125K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 15%
Business 11%
Trades 10%
Management 8%
Government 7%

Immigrants

36% of residents were
born outside of Canada.

36% immigrants

Mississauga (56%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

Poland was once home to 4.5% of immigrants.
Portugal 3.3%
UK 2.1%
Italy 1.9%
Philippines 1.7%

4.5% from Poland
All-time

Birthplace - Recent

China was once home to 0.7% of immigrants.
Poland 0.6%
Philippines 0.5%
Pakistan 0.3%
Ukraine 0.2%

0.7% from China
Recent

Foreign Languages

Foreign Languages

Polish 5%
Portuguese 5%
Italian 3%
Ukrainian 2%
Spanish 2%

Religions

Religions

Christian 74%
Hindu 2%
Muslim 2%
Buddhist 1%
Jewish 1%