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    For Sale - 321 Lakeshore Road, Mississauga, Ontario

    Est payment $10,319/mo
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    Views   3
    Time on Jump  89 day

    AI Summary *

    • Opportunity to own a 6-unit building with diverse cash flows.
    • High net operating income ensures stable returns each month.
    • Includes 4 residential apartments and 2 commercial units.
    • Located in a growing area with high foot traffic.
    • Steps from amenities like the marina and GO station.




    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.
    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

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    321 Lakeshore Road
    Mississauga , Ontario
    7 6 $2,149,000
    Get more info