For Sale - 321 Lakeshore Road, Mississauga, Ontario

Est payment $10,319/mo
Views   2
Time on Jump  24 day
  • Rare investment opportunity with six diverse income streams each month.
  • Prime location in Port Credit ensures high demand and low vacancy.
  • Includes four residential apartments and two commercial units facing main street.
  • Recently upgraded building with low maintenance and comprehensive amenities.
  • Steps from marina, GO Station, and future transit line for easy commuting.



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.
Listing IDW13174166
Address321 Lakeshore Road
CityMississauga, Ontario
Price$2,149,000
Bed / Bath7 / 6 Full
Style3-Storey, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water MeterAmenities Greenbelt/Conservation, Hospital, Lake Access, Park, Public TransitOwnership FreeholdAppliances Multiple Entrances, ParkingBasement Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-UpFoundation BlockHeating / Cooling WaterHeating Fuel ElectricSewer Sewer
Parking 3.00
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Listing Agency:  ROYAL LEPAGE TERREQUITY REALTY

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321 Lakeshore Road
Mississauga , Ontario
7 6 $2,149,000
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