321 Lakeshore Road E, Mississauga, ON L5G 1H3
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.
Interior features
Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
Basement
Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Bathrooms
2 × 4-piece — Third, 1 × 4-piece — Second, 2 × 2-piece — Main, 1 × 3-piece — Basement
Fireplace
Yes
Family room
Yes
Kitchens
4
Rooms (above / below grade)
15 above, 0 below
Architectural style
3-Storey
Construction materials
Brick
Foundation
Block
Roof
Flat
Direction faces
South
Garage type
None
Garage spaces
0
Total parking spaces
3
Driveway parking
3
Parking features
Available, Boulevard, Private
Lot size
25.04 x 109.16 ft
Cross street
Lakeshore Rd E and Hurontario St
Directions
Lakeshore Rd E and Hurontario St
Neighbourhood
Port Credit
Heating
Water — Electric
Cooling
Window Unit(s)
Water
Sewer
Sewer
List price
$2,149,000
Original list price
Annual taxes
$13,731
Tax year
2025
Legal description
PT LT 143 PL H21 PORT CREDIT; PT LT 144 PL H21 PORT CREDIT AS IN RO834201 EXCEPT BL245 ; MISSISSAUGA
Inclusions
Exclusions
MLS #
W13174166
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Multiplex
Days on market
List date
Possession
Flexible
Occupancy
Tenant
Listing brokerage
ROYAL LEPAGE TERREQUITY REALTY
$3,900,000
Median list price
1
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$10,302
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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