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929 Lakeshore Road
Lakeview Mississauga L5E 1E3

$1,445,000 /For Sale
Commercial

Main Photo: 929 Lakeshore Road in Mississauga: Lakeview Commercial for sale : MLS®# W12767016
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12767016
Bus Major:
Apts - 2 To 5 Units
Welcome to an exceptional triplex opportunity at 929 Lakeshore Rd E, Mississauga, offering versatility, income potential, and long term value in a rapidly transforming waterfront community. This fully renovated property features three self contained units, each with separate entrances, separately metered utilities, ensuite laundry, and stainless steel appliances, making it ideal for investors, multi generational families, or first time buyers looking to offset their mortgage by living in one unit and renting the others. The upper unit will be vacant as of February 1st, allowing immediate occupancy or rental flexibility. Recent upgrades include a newly finished vinyl exterior, with all major big ticket items already renovated and taken care of, providing peace of mind for years to come. Enjoy a large backyard and the endless possibilities this layout offers. Perfectly located near Port Credit Village and the highly anticipated Lakeview Waterfront redevelopment, a landmark project bringing new parks, trails, retail, and vibrant mixed use spaces along Lake Ontario. Close to all major amenities, schools, transit, waterfront parks, and commuter routes including GO Transit and the QEW, this property combines lifestyle, convenience, and strong investment appeal in one of Mississauga's most sought after and future forward neighbourhoods. **HUGE VALUE WITH DUAL ZONING POTENTIAL TO INCLUDE COMMERCIAL USE**
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
1850 sq. ft. Square Feet
Total Area:
1,850 sq. ft.
Lot Depth:
120'
Lot Frontage:
30'
Lot Shape:
Rectangular
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
EC
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
3
Possession Details:
TBD/ Flex
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$5,105.48 / 2025
Assessment:
$- / -
Peel
Mississauga
Lakeview
HWT
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Chattels:
No
Date Listed:
Feb 06, 2026
Original Price:
Previous Price:
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Listed by MANOR HILL REALTY INC.
Data was last updated February 7, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

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When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.