321 Lakeshore Road E Mississauga, ON L5G 1H3
Listing Courtesy of: PropTX - IDX / Listed By: Royal Lepage Terrequity Realty

  321 Lakeshore Road E Mississauga, ON L5G 1H3

Active
$2,149,000 (CAD)
7
BED
6
BATH
3500-5000
SQFT

Description

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.

MLS®:
W13174166
Taxes
$13,731(2025)
Type
Multifamily
Style
3-Storey
County
Regional Municipality of Peel
Community
Port Credit

Listed By

Royal Lepage Terrequity Realty
Source
PropTX - IDX
Last checked Aug 28 2026 at 9:24 AM EDT
Bathroom Details
Interior Features
  • Carpet Free
  • Water Heater Owned
  • Water Meter
  • Countertop Range
  • Separate Hydro Meter
  • Storage Area Lockers
Property Features
  • Fireplace: Electric
  • Foundation: Block
Heating and Cooling
  • Water
  • Window Unit(s)
Basement Information
  • Finished
  • Apartment
  • Walk-Up
  • Separate Entrance
  • Finished With Walk-Out
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Flat
Utility Information
  • Sewer: Sewer
  • Fuel: Electric
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Private
  • Available
  • Boulevard
Stories
  • 3
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Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/28/26 02:24