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
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Mississauga
Sub-Area
Lakeview
Region
Peel
Lot Size Source
MPAC
Lot Depth
126
Lot Type
Lot
Lot Size Units
Feet
Lot Width
32
Parcel Number
134840272
Total Building Area
1500
Occupant Type
Tenant
Cross Street
Lakeshore Rd E/Cawthra
Approx. Age
100+ Years
MLS® Number
W12484674
Listing Brokerage
Royal Lepage Real Estate Associates
Basement
Yes
Postal Code
L5E 1E2
Tax Amount
$4,381.00
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
Tax Legal Description
LT 2, PL C22 CITY OF MISSISSAUGA
Security Features
No