$ 2,149,000
-
$2,149,000
Price -
7
Bed -
6
Bath -
3,500
SqFt
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About the Listing 045713 -
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 Highlights
Status
Active
Days on Site
52
Property Type
Multi-Family
MLS ®
W13174166
Year Built
Total Square Footage
3,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Electric
- Fireplaces: Electric
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Finished,Finished with Walk-Out,Separate Entrance,Walk-Up
- Other: Carpet Free,Countertop Range,Separate Hydro Meter,Storage Area Lockers,Water Heater Owned,Water Meter,4 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Flat
- Others: Greenbelt/Conservation,Hospital,Lake Access,Park,Public Transit
- Sewer: Sewer
- Parking Features: Available,Boulevard,Private,No Garage
Financial Details
- Tax Amount: $13,731
- Taxes w/Assessments: N/A
- Tax/Property ID: 134870127
- Tax Year: 2025
Payment Calculator
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Questions About..
321 Lakeshore Rd E Mississauga, ON L5G 1H3
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