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$2,149,000
Available - For Sale
Listing ID: W13174166
**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.
Price $2,149,000
Taxes: $13,730.57
Occupancy by: Tenant
Address: 321 Lakeshore Road East , Mississauga, L5G 1H3, Peel
Directions/Cross Streets: Lakeshore Rd E and Hurontario St
Rooms: 15
Bedrooms: 6
Bedrooms +: 1
Washrooms: 6
Family Room: T
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Third
Washroom 2:  4 Second
Washroom 3:  2 Main
Washroom 4:  3 Basement
Washroom 5:  0
Washroom 6:  4 Third
Washroom 7:  4 Second
Washroom 8:  2 Main
Washroom 9:  3 Basement
Washroom 10:  0
Washroom 11:  4 Third
Washroom 12:  4 Second
Washroom 13:  2 Main
Washroom 14:  3 Basement
Washroom 15:  0
Washroom 16:  4 Third
Washroom 17:  4 Second
Washroom 18:  2 Main
Washroom 19:  3 Basement
Washroom 20:  0
Washroom 21:  4 Third
Washroom 22:  4 Second
Washroom 23:  2 Main
Washroom 24:  3 Basement
Washroom 25:  0
Washroom 26:  4 Third
Washroom 27:  4 Second
Washroom 28:  2 Main
Washroom 29:  3 Basement
Washroom 30:  0
Washroom 31:  4 Third
Washroom 32:  4 Second
Washroom 33:  2 Main
Washroom 34:  3 Basement
Washroom 35:  0
Washroom 36:  4 Third
Washroom 37:  4 Second
Washroom 38:  2 Main
Washroom 39:  3 Basement
Washroom 40:  0
Washroom 41:  4 Third
Washroom 42:  4 Second
Washroom 43:  2 Main
Washroom 44:  3 Basement
Washroom 45:  0
Washroom 46:  4 Third
Washroom 47:  4 Second
Washroom 48:  2 Main
Washroom 49:  3 Basement
Washroom 50:  0
Washroom 51:  4 Third
Washroom 52:  4 Second
Washroom 53:  2 Main
Washroom 54:  3 Basement
Washroom 55:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available,
Drive Parking Spaces: 3
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Boulevard
Pool: None
Approximatly Square Footage: 3500-5000
Property Features: Greenbelt/Co
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Water
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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ROYAL LEPAGE TERREQUITY REALTY

321 Lakeshore Road East , Mississauga, L5G 1H3, Peel

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Maria Tompson
Sales Representative
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416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Peel
Municipality: Mississauga
Neighbourhood: Port Credit
Style: 3-Storey
Lot Size: x 109.16(Feet)
Approximate Age:
Tax: $13,730.57
Maintenance Fee: $0
Beds: 6+1
Baths: 6
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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