Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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1195 Lakeshore Road E
Lakeview Peel L5E 1G1

$1,998,000 /For Sale
Commercial

Main Photo: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 1: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 2: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 3: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 4: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 5: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 6: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 7: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 8: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Photo 9: 1195 Lakeshore Road E in Peel: Lakeview Commercial for sale (Mississauga)  : MLS®# W12310397
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12310397
Bus Major:
Retail Store Related
Excellent opportunity for investment in the rapidly growing "Lakeview Village" waterfront community! Free standing building approximately 3750 square feet with a retail store front and three 2 bedroom apartments. (2 units on 2nd floor, and 1 unit on ground). Basement has additional storage.Parking for 10 cars. All units are metered separately. Lakeview Village across the street has been approved for 16,000 residential units! Prime location with unlimited potential . Close to "Port Credit" shops, restaurants and much more! Current owner retiring. Vacant possession possible.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
3750 sq. ft. Square Feet
Total Area:
3,750 sq. ft.
Retail Area:
700 sq. ft. Sq Ft
Depth:
150'2"
Frontage:
40'1"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
Store W/Apt Commercial/Retail
Heating type:
Gas Hot Water
Garage:
None
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$10,349.93 / 2024
Assessment:
$- / 2025
Mississauga
Lakeview
Peel
No
All existing appliances, elfs' and window coverings.
None
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Retail Store Related
Category:
Multi-Use
Franchise:
No
Days Open:
Varies
Chattels:
Yes
LLBO:
No
Date Listed:
Jul 28, 2025
Original Price:
Previous Price:
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Listed by RE/MAX REALTRON REALTY INC.
Data was last updated August 6, 2025 at 04:15 AM (UTC)
DARYL  KING
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Why Choose a Commercial Residential Property?

Dual Income Potential – Earn from both residential tenants and commercial leases
Ideal for Business Owners – Live and work in the same space or rent one out
High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

lore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.