Income Property - Cash Flow Ready. Welcome to this rarely offered ground-level mixed-use unit in a boutique low-rise building in the heart of Lakeview. Bright and airy with a loft-like appeal, this versatile space is zoned for both commercial and residential use, making it a prime choice for investors seeking steady income and long-term flexibility. Currently tenanted by a reliable commercial occupant, the property is truly cash-flow ready, providing immediate returns with short-term lease upside. The upcoming lease renewal offers the opportunity to reposition or re-lease at higher market rents, creating excellent potential for value growth.The open-concept layout features soaring 10.5-foot ceilings, two rooms plus two washrooms, a full-size kitchen, and ensuite laundry. With two separate entrances, the front portion offers prime retail visibility along Lakeshore Road and can be used as an office, meeting room, or client-facing workspace. Additional highlights include a private patio and two direct parking spaces, ensuring convenience for both occupants and customers. Ideally located steps from Lakefront Promenade Park and Marina, minutes from vibrant Port Credit, and with quick access to Long Branch GO Station for a 25-minute commute to downtown Toronto, this property combines location, income stability, and future potential a perfect addition to any investors portfolio. (id:51158)
| MLS® Number | W12439071 |
| Property Type | Retail |
| Community Name | Lakeview |
| Amenities Near By | Recreation |
| Equipment Type | Water Heater |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| Age | 16 To 30 Years |
| Appliances | Window Coverings |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 880 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Recreation |
| Zoning Description | C4 -29 - Mixed Use |
https://www.realtor.ca/real-estate/28939389/5-885-lakeshore-road-e-mississauga-lakeview-lakeview
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