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321 Lakeshore Road E, Mississauga, ON L5G 1H3

Mississauga, ON, L5G 1H3 · Port Credit

7 Beds
6 Baths
Sq Ft
3 Parking
Multiplex Type
W13174166 MLS#

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

Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY
Out believe has request not how comfort evident. Up delight cousins we feeling minutes genius.

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