321 Lakeshore Road E, Mississauga, Ontario, Canada, L5G1H3
2,149,000
for Sale
6 + 1
6
3500-5000
About the property:
**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.
Extra info:
Washer, Dryer. (4) Fridge,(4) Stoves, A/C window Units, Fireplaces, HWT, Lockers
House features:
Washer, Dryer. (4) Fridge,(4) Stoves, A/C window Units, Fireplaces, HWT, Lockers
Multiplex
other
- Property Type:
- Multiplex
- Status:
- for Sale
- House Style:
- other
- Bedrooms:
- 6 + 1
- Bathrooms:
- 6
- Land Size:
- 25.04 x 109.16 FT
- Garage/Parking Type:
- Available,Boulevard,Private
- Parking Places:
- 3
- Fireplace:
- 2
- Heating Type:
- Water
- Heating Fuel:
- Electric
- Cross Street:
- Lakeshore Rd E and Hurontario
- Exterior:
- Brick
- Basement:
- Apartment,Fi, Apartment,Fi
- Fronting On:
- S
- Possession Date:
- Flexible
- Annual Property Taxes:
- 13,730.57
- Listing ID:
- W13174166
Rooms
Dimensions
Brokered by:
Royal Lepage Terrequity Realty
Source: TRREB/PROPTX
Presented By: