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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  148 day

    AI Summary *

    • High-performing 6-unit building in a prime Port Credit location.
    • Diverse monthly cash flows ensure consistent income.
    • Recently renovated apartments and commercial units attract tenants easily.
    • Proximity to amenities like the marina and nightlife adds value.
    • Strong demand due to limited supply in a premium waterfront area.




    **rare opportunity to own a high-performing 6-unit trophy asset in port credit with diverse monthly cash flows.** this investment guarantees diversified income, ensuring you're never at risk. It boasts a very high net operating income (noi). This property is not just a building; it's a high-yield investment in a location that rarely stays vacant. **financial overview:**~ gross income: ~$138,840/year, expenses: ~$25,230/year,~noi: ~$113,610/year. The building includes 4 residential apartments and 2 premium commercial units with high ceilings, situated on a bustling main street with significant foot traffic. The property features private lockers, 3 private parking spots, a skylight, and ample storage. The retail stores and the 2-bedroom apartment have recently undergone renovations. Current rents provide a solid baseline, but there is substantial potential for value addition. The property is low maintenance and has received numerous upgrades, including 6 separate hydro meters (protecting your bottom line), a new hot water tank, and updated electrical systems, all within a well-maintained building. Located in a high-growth corridor on one of the most famous streets in mississauga, this area is thriving with luxury developments, making land value a "buy" dream. The property is just steps from the port credit harbour marina, the go station, and the city's vibrant nightlife. Its proximity to the future hurontario lrt further enhances this "a-class" location for professionals commuting to toronto, supported by a walk score of 89. Tenants are willing to pay a premium to live in this desirable neighborhood, and businesses compete for prime frontage. Port credit is a premium waterfront neighborhood with limited supply, which creates strong demand for both residential and commercial spaces. **financing advantage:** located in a "class a" area. Vendor take-back (vtb): some mortgage available for qualified buyers.
    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 Brokerage: 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.

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