321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
321 Lakeshore RD E, Mississauga, ON L5G 1H3
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Marianne Knezovic

Marianne Knezovic

+1(416) 886-9937
$ 2,149,000
Est. payment | /mo

6 Beds

6 Baths

Save
$ 2,149,000
Est. payment | /mo
Save

6 Beds

6 Baths

Key Details

Property Type Multi-Family, freehold, residential

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Port Credit

MLS Listing ID W13174166

Style 3-Storey

Bedrooms 6

Annual Tax Amount $13,730

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Peel

Area Peel

Rooms

Family Room Yes

Basement Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter

Cooling Window Unit(s)

Fireplaces Type Electric

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Flat

Lot Frontage 25.04

Lot Depth 109.16

Total Parking Spaces 3

Building

Unit Features Greenbelt/Conservation,Hospital,Lake Access,Park,Public Transit

Foundation Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by ROYAL LEPAGE TERREQUITY REALTY

Nearby Locations

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