321 Lakeshore Road E Mississauga, Ontario L5G 1H3
$2,149,000
Rare Opportunity to Own a Powerhouse 6 - Units Trophy Asset at Port Credit with 6 Different Cash Flows Each Month. Diversified Income Ensures you're Never at Risk. Very High Net Operating Income (NOI). This isn't just a Building it's a High-Yield Investment Plan in a Location that Never Stays Vacant. Offering 4 Residential Apartments + 2 Premium Commercial Units with High Ceilings that Face High Walking Traffic Main Street. There Private Lockers, 3 Private Parking Spots, Skylight, Plenty of Storage Recently Renovated Retail Stores and the 2-Bed. apart. Current Rents Offer a Solid Baseline, but the Value-Add Potential is Massive. Low Maintenance. A Lot of Upgrades! 6 SEPARATE HYDRO METERS (protecting your bottom line ) & Newer Furnace & HWT & Updated Electrical in a Well-Maintained Building, Located in a High-Growth Corridor on the Most Famous Street in Mississauga. As Port Credit Continues to Explode with Luxury Developments, the Land Value here is a "Buy " Dream. Steps from the Port Credit Harbour Marina, the GO Station, and the City's Nightlife. Being steps from the future Hurontario LRT makes this an "A-class" location for professionals commuting to Toronto. Walk Score of 89. Tenants Pay a Premium to Live in this Neighborhood, and Businesses will Fight for the Frontage. Port Credit is a Premium Waterfront Neighbourhood with Limited Supply, which Drives Strong Demand for Residential and Commercial Spaces.***Financing Advantage: At $2,149,000, your Debt Service Coverage Ratio (DSCR) improves. Lenders love seeing a 5.38% yield on a "Class A" Location like Port Credit it Makes Getting a Mortgage Much Easier and Potentially Secures you a Better Interest Rate. Investing in a Port Credit 6-plex using CMHC MLI Select is a high-leverage strategy that can significantly increase your cash-on-cash return by minimizing upfront equity and maximizing monthly cash flow. (id:61852)
Property Details
| MLS® Number | W13174166 |
| Property Type | Multi-family |
| Community Name | Port Credit |
| AmenitiesNearBy | Hospital, Park, Public Transit |
| Features | Conservation/green Belt, Carpet Free |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 6 |
| BedroomsAboveGround | 6 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 7 |
| Amenities | Fireplace(s), Separate Electricity Meters |
| Appliances | Range, Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Walk Out, Separate Entrance, Walk-up |
| BasementType | N/a, N/a (finished), N/a, N/a |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FireplacePresent | Yes |
| FireplaceTotal | 2 |
| FoundationType | Block |
| HalfBathTotal | 2 |
| HeatingFuel | Electric |
| StoriesTotal | 3 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 109 Ft ,2 In |
| SizeFrontage | 25 Ft |
| SizeIrregular | 25 X 109.2 Ft |
| SizeTotalText | 25 X 109.2 Ft |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29805550/321-lakeshore-road-e-mississauga-port-credit-port-credit
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Diyana Noncheva
Salesperson
3000 Garden St #101a
Whitby, Ontario L1R 2G6
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May 26 2026 03:23:59
Toronto Real Estate Board
Royal LePage Terrequity Realty