$3,300/mo - 885 Lakeshore Road Unit 5, Mississauga
Commercial for Rent in Mississauga
New — Listed yesterdayNeighbourhood: Lakeview
- MLS Number
- W13685794
- Property Type
- Commercial
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 880 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
RARE MAIN-FLOOR COMMERCIAL OPPORTUNITY | MIXED-USE CONDO | LAKEVIEW. Rarely offered main-floor mixed-use condo in a boutique low-rise building in the heart of Lakeview, offering commercial use. This main floor unit with direct street-level access, excellent Lakeshore Road exposure and convenient direct parking at the rear. Bright, airy and loft-like, the space features 10.5-ft ceilings and a highly versatile open-concept layout with 2 rooms, 2 bathrooms, a kitchen/ or kitchenette and ensuite laundry-ideal for a wide range of professional and service-based uses.The dedicated storefront area at the front offers excellent Lakeshore Road visibility and can function as a reception area, office, treatment area or additional workspace. Two separate entrances (front & rear) provide added flexibility and allow for effective separation of spaces.A standout feature is the two designated parking spaces directly at the rear of the unit, providing convenient parking for the business and/or customers-an especially valuable advantage for service-based operators.The property permits a broad range of commercial service uses and is ideally suited to a professional or service-oriented business. AAA commercial tenant preferred. Available October 1, 2026. Minimum 3-5 year lease term. Ideally located steps from Lakefront Promenade Park and Marina, minutes from vibrant Port Credit and with easy access to Long Branch GO Station, offering approximately a 25-minute commute to downtown Toronto.A rare opportunity to lease a true main-floor commercial space with excellent exposure, versatile interior space, direct rear parking and two designated customer parking spaces in a prime Lakeview location.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
885 Lakeshore Road Unit 5, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $4/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Mississauga transactions.