$ 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 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 Highlights
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
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
321 Lakeshore Rd E Mississauga, ON L5G 1H3
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