$1,100,000
Mississauga
1169 Lakeshore Road East, Mississauga (Lakeview), Ontario, L5E1G1
This retail property in Mississauga is for sale offering roughly 2,982 sq ft of space. It has been on the market 38 days, fresher than the Mississauga average of 60 days.
Offering a rare mixed-use investment opportunity in the heart of Lakeview's on going transformation. This well-positioned property features a street-level commercial unit with 1 bathroom and an upper level apartment with 3 bedroom, 1 bathroom offering flexibility for investors, owner-operators, or those looking to combine business and residential use. Both spaces are separately metered, providing clear utility allocation and simplified management. The commercial unit benefits from direct frontage on Lakeshore Rd E, excellent street visibility, signage opportunities, and convenient access for customers. The existing commercial tenant is willing to stay, providing potential continuity of income for the next owner. Above, the spacious residential apartment offers a private entrance, three bedrooms, two bathrooms, natural light, and a practical layout. Add your personal touch and use it as a rental, principal residence, or live-workspace while generating additional income from the commercial component. Recent improvements include a new roof, providing an important capital upgrade and added peace of mind. Located in the evolving Lakeview community, the property is minutes from the waterfront, transit, major routes, and a growing mix of residential, retail, parks, and community amenities. With the area undergoing significant revitalization and development, this location offers an opportunity to own a mixed-use asset along one of Mississauga's established east-west corridors. A versatile property offering income potential today with the flexibility to adapt to your future plans. Lot's of future potential with the upcoming Lakeview Village master planned community just steps away! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 38 days on market, against an average age of 60 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Mississauga (Lakeview) has been listed for 38 days, which is 22 days fresher than the city average of 60. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,100,000, about 11.2× the local median household income of $98,000.
Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 119% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5E)
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