$775,000
Est. payment $3,432/moCalculate yours
885 Lakeshore Road E 5, Mississauga, ON L5E 1E2
Lakeview, Mississauga, ON L5E 1E2
- 3 Beds
- 2 Baths
- 800 Sq Ft
Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED MLS® W13453830
About this home
Welcome to this rarely offered residential condo, a versatile mixed-use space zoned for both commercial and residential use, located in a boutique low-rise building in the heart of Lakeview. This ground-level unit is bright and airy with a loft-like appeal, making it ideal for those seeking a live/work environment. It features two separate entrances, prime Lakeshore Road retail exposure, and is currently tenanted by a commercial tenant until the end of Sep. The open-concept layout boasts soaring 10.5 ft ceilings, 2 bedrooms, and 2 baths, along with a full-size kitchen and ensuite laundry. The dedicated storefront area can serve as a home office, a third bedroom, or additional living space. A private patio and two designated direct parking spots enhance the convenience of this property. Perfectly located just steps from Lakefront Promenade Park and Marina, minutes from the vibrant Port Credit area, and with quick access to Long Branch GO Station for a 25-minute commute to downtown Toronto.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- Apartment
- For
- For Sale
- Status
- Sold Conditional
- Approximate Age
- 16-30
- Size
- 800 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Other)
- Cooling
- Other
- Exterior
- Brick
Lot & Parking
- Parking
- None garage · 2 total
- Zoning
- C4 -29 (Mainstreet Commercial Use - List attached)
Financial
- Property Taxes
- $4,500 (2026)
- Condo Fee
- $395/mo
- Fee Includes
- Common Elements Included, Building Insurance Included, Parking Included
- Pets
- Yes-with Restrictions
Location
- Neighbourhood
- Lakeview
- Cross Street
- Cawthraw and Lakeshore
Listing
- MLS® Number
- W13453830
- Days on Market
- 124
- Listed On
- 2026-06-16
- Listed By
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
Features
Interior
- None
Property
- Marina
- Library
- Public Transit
Amenities
- Visitor Parking
- Included
- Stove, Fridge, dishwasher, washer & dryer, window covers, electrical light fixtures, outdoor canopy sign shed & two parking spots (exclusive use).
- Rental items
- Water Tank ($50.40/Month)
Mortgage calculator
Estimated mortgage payment
$3,432 per month
- Principal and interest
- $3,432
- Property tax
- $375
- Condo fees
- $395
- Estimated monthly cost
- $4,202
Your mortgage
- Mortgage amount
- $620,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $409,460
Cash to close
- Down payment
- $155,000
- Land transfer tax
- $11,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $166,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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