321 Lakeshore Road E, Mississauga, ON L5G 1H3
Mississauga, ON, L5G 1H3 · Port Credit
About this property
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 ) & 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.
Features & Amenities
- Basement: Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
- Garage: None
- Cooling: Window Unit(s)
- Heat Type: Water
- Heat Source: Electric
- Style: 3-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 7 |
| Bathrooms | 6 |
| Basement | Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Water |
| Heat Source | Electric |
| Cooling | Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $13,731 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
- Fireplace
- Yes
- Fireplace Features
- Electric
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick
- Foundation Details
- Block
- Roof
- Flat
- Basement
- Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Heating & Cooling
- Heat Type
- Water
- Heat Source
- Electric
- Cooling
- Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Parking Features
- Available, Boulevard, Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 109.16
- Lot Width
- 25.04
Community & Neighborhood
- Property Features
- Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Financial & Tax
- Tax Annual Amount
- $13,731
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 15
- Kitchens Above Grade
- 3
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Peel
- Cross Street
- Lakeshore Rd E and Hurontario St
- Directions
- Lakeshore Rd E and Hurontario St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, List Brokerage
Location
321 Lakeshore Road E, Mississauga, ON L5G 1H3, Mississauga, ON, L5G 1H3