1858 LAKESHORE Road
Mississauga, Ontario
2,991 sqft • Other
Located in highly desirable Clarkson, 1858 Lakeshore Rd W offers a rare mixed-use investment opportunity with strong visibility and long-term upside. This well-maintained commercial property features approximately 997 sq. ft. on the main floor, ideal for retail, professional, or service-based use, plus an additional 997 sq. ft. basement providing valuable storage or workspace. Above the commercial space are two self-contained residential apartments, creating multiple income streams and excellent investment flexibility. The property has a functional layout that supports both owner-occupiers and investors alike. The Lakeshore Rd facing apartment contains 2 bedrooms and 1 bathroom and the 2nd apartment in the back contains 3 bedrooms and 1 washroom. Both apartments have their own separate entrances. Property has 8 parking spots divided between the front and back of unit. Situated in a prime Lakeshore location, the building benefits from strong pedestrian and vehicular traffic, proximity to established neighbourhoods, transit, and nearby amenities. Whether you are looking to operate a business on the main level while generating residential rental income, or add a versatile asset to your portfolio, this property presents an exceptional opportunity in one of Mississauga’s most sought-after areas.
Price History
Schools
Elementary
- Clarkson Public School0.4 km
Public · Peel DSB · 130 students
Grade 3 reading: 64% met the provincial standard
- St Christopher School0.8 km
Catholic · Dufferin-Peel CDSB · 415 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 68% met the provincial standard
- Green Glade Senior Public School1.3 km
Public · Peel DSB · 170 students
Grade 6 math: 50% met the provincial standard
Secondary
- Iona Secondary School1.8 km
Catholic · Dufferin-Peel CDSB · 655 students
Grade 10 literacy: 83% met the provincial standard
- Clarkson Secondary School1.9 km
Public · Peel DSB · 740 students
Grade 10 literacy: 84% met the provincial standard
- Lorne Park Secondary School1.9 km
Public · Peel DSB · 795 students
Grade 10 literacy: 96% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L5J
- Population
- 28,208
- Private dwellings
- 10,960
- Median age
- 43.2
- Average household size
- 2.6
- Median household income
- $107,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Mississauga · last 12 months
- Median sold price
- $870,000
- Homes sold
- 5,431
- Median days on market
- 24
- Sale-to-list price
- 97.5%
Based on 5,431 recorded sales of retail properties in Mississauga over the last 12 months.
Location
Mortgage Calculator
$273,000
Estimated Monthly Payment
$6,706
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,706/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $341/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?