321, Lakeshore, Port Credit, Mississauga, Residential Freehold
- 7 beds |
- 6 baths |
- 3500-5000 SQFT
Description
Residential Freehold Multiplex For Sale.
**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.
Property Features: Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Interior Features: Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
Cross Street: Lakeshore Rd E and Hurontario St
Direction Faces: South
Key Facts
- Days on: 23 days
- Mls Status: New
- Bedrooms Total: 7
- Bedrooms Below Grade: 1
- Bedrooms Above Grade: 6
- Den / Family Room: Yes
- Bathrooms Total Integer: 6
- Lot Width: 25.04
- Kitchens Total: 4
- Parking Total: 3
- Parking Spaces: 3
- Parking Features: Available, Boulevard, Private
- Garage Type: None
- Heat Source: Electric
- Heat Type: Water
- Cooling: Window Unit(s)
- Living Area Range: 3500-5000 Square Feet
Location 321, Lakeshore, Port Credit, Mississauga
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