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Multiplex for sale at 881 Lakeshore Road E, Mississauga - 5 bedroom, 3 bathroom - Photo 1 of 48
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$999,000

881 Lakeshore Rd E

Mississauga, ON L5E 1E2

881 Lakeshore Rd E, MississaugaListed at $999,000. 5 bedroom, 3 bathroom 2-Storey. MLS® W13531522.

Just listed — 2 days ago
5Beds
3Baths
1500-2000sqft
2-Storey
10Parking
$6,750.91 (2025)

What's this home worth?

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Description

Power of Sale. Property is being sold in "as is, where is". Exceptional opportunity to acquire a C4-zoned mixed-use property in the heart of Mississauga's rapidly evolving Lakeview community. Positioned on the prominent Lakeshore Road East corridor, this free-standing building offers outstanding visibility and a flexible layout suited to investors, owner-operators, or those seeking a live/work opportunity. The main level is currently configured for retail or professional office use and includes two additional rear rooms. The upper level features a self-contained one-bedroom residential unit, while the finished lower level offers a separate entrance and additional living space with in-law suite potential, subject to buyer verification. The property also features approximately 8-10 on-site parking spaces, an updated roof, and newer furnace and air conditioning. Concept drawings for a proposed three-storey mixed-use redevelopment are available for review, subject to all required municipal approvals. Ideally located on Lakeshore Road East with excellent exposure, the property is just minutes from Port Credit, the Lakeview Village waterfront redevelopment, public transit, major commuter routes, shopping, restaurants, and everyday amenities. (Includes some AI generated photos)

Property Details

Property TypeMultiplex
Style2-Storey
CommunityLakeview
Rooms13
Kitchens3
Washrooms3
Square Feet1500-2000 sqft
Lot Size4,032 sq ft
Lot Dimensions32 × 126 ft
Lot Size Area4,032 sqft (MPAC)
Fronting OnWest
Dir/Cross StLakeshore Rd E/Cawthra
Garage TypeNone
DrivePrivate, Other
Parking Drive Spaces10
Total Parking Spaces10
ExteriorBrick
RoofAsphalt Shingle
FoundationPoured Concrete
BasementFull, Finished
Heating TypeForced Air
Heating SourceGas
A/CCentral Air
SewersSewer
Taxes (2025)$6,750.91
HSTIncluded In
Listed Date7/7/2026
Days on Market2 days
PossessionImmediate
Vick Yogeswaran - REALTOR

Your agent: Vick Yogeswaran

REALTOR® · RE/MAX Realtron Realty Inc.

Same-day showings available
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Listing Courtesy of: The Agency

MLS® #W13531522

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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HouseIndex Take: 881 Lakeshore Road E

This multiplex (2-Storey) is located in the Lakeview neighbourhood of Mississauga.

The home offers 5+2 bedrooms, 3 bathrooms.

Features include a full, finished basement, 10 parking spaces.

Additional details: lot dimensions of 32 × 126 feet.

Listed at $999,000 CAD with annual property taxes of $6,750.91 (2025). This listing has been on the market for 2 days.

About Mississauga Real Estate

This Multiplex is located in the Lakeview community in Mississauga. Mississauga is Ontario's third-largest city, offering a strong balance of suburban space and urban amenities along the western shores of Lake Ontario. The Square One district is rapidly densifying, while established areas like Lorne Park and Erin Mills offer mature tree-lined streets. Pearson International Airport and the 403/QEW provide excellent regional connectivity.

Pearson Airport & 403/QEW accessSquare One shopping districtPort Credit waterfront & marinaTop-ranked Peel District School Board
~40 min commute to downtown TorontoWalkability: Moderate — highest near Square One and Port Credit
View full Mississauga neighbourhood guide →