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 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.
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: 43 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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