321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
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$2,149,000
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6 Beds
6 Baths
Active

321 Lakeshore RD E Mississauga, ON L5G 1H3

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Esra Ozer

Esra Ozer

+1(647) 629-0594

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Port Credit

MLS Listing ID W13174166

Style 3-Storey

Bedrooms 6

Annual Tax Amount $13,730

Tax Year 2025

Property Sub-Type Multiplex

Property Description

**Rare Opportunity to Own a High-Performing 6-Unit Trophy Asset in Port Credit with Diverse Monthly Cash Flows.** This investment guarantees diversified income, ensuring you're never at risk. It boasts a very high Net Operating Income (NOI). This property is not just a building; it's a high-yield investment in a location that rarely stays vacant. **Financial Overview:**~ Gross Income: ~$138,840/year, Expenses: ~$25,230/year,~NOI: ~$113,610/year. The building includes 4 residential apartments and 2 premium commercial units with high ceilings, situated on a bustling main street with significant foot traffic. The property features private lockers, 3 private parking spots, a skylight, and ample storage. The retail stores and the 2-bedroom apartment have recently undergone renovations. Current rents provide a solid baseline, but there is substantial potential for value addition. The property is low maintenance and has received numerous upgrades, including 6 separate hydro meters (protecting your bottom line), a new hot water tank, and updated electrical systems, all within a well-maintained building. Located in a high-growth corridor on one of the most famous streets in Mississauga, this area is thriving with luxury developments, making land value a "buy" dream. The property is just steps from the Port Credit Harbour Marina, the GO Station, and the city's vibrant nightlife. Its proximity to the future Hurontario LRT further enhances this "A-class" location for professionals commuting to Toronto, supported by a Walk Score of 89. Tenants are willing to pay a premium to live in this desirable neighborhood, and businesses compete for prime frontage. Port Credit is a premium waterfront neighborhood with limited supply, which creates strong demand for both residential and commercial spaces. **Financing Advantage:** Located in a "Class A" area. Vendor Take-Back (VTB): some mortgage available for qualified buyers.

Location

Province ON

County Peel

Area Peel

Rooms

Family Room Yes

Basement Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter

Cooling Window Unit(s)

Fireplaces Type Electric

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Flat

Lot Frontage 25.04

Lot Depth 109.16

Total Parking Spaces 3

Building

Unit Features Greenbelt/Conservation,Hospital,Lake Access,Park,Public Transit

Foundation Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by ROYAL LEPAGE TERREQUITY REALTY

Nearby Locations

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Esra Ozer

Esra Ozer

Agent

+1(647) 629-0594

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321 Lakeshore RD E