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.
Address
881 Lakeshore Road E
List Price
$1,400,000
MLS® Status
New
Expiration Date
2026-04-27
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Mississauga
Sub-Area
Lakeview
Region
Peel
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
7
Rooms Below Grade
3
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
126
Lot Size Units
Feet
Lot Width
32
Parcel Number
134840272
Occupant Type
Tenant
Cross Street
Lakeshore Rd E/Cawthra
MLS® Number
W12484672
Listing Brokerage
Royal Lepage Real Estate Associates
Basement Area
Separate Entrance, Finished
Postal Code
L5E 1E2
Parking
Private
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$4,381.00
Tax Year
2025
Interior Features
In-Law Capability
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
LT 2, PL C22 CITY OF MISSISSAUGA
Waterfront
No
Sewer
Sewer