321 Lakeshore Road E,Mississauga (Port Credit), ON L5G1H3
Mississauga (Port Credit), ON L5G1H3
Description
**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. (id:13843)
Details
| MLS # | W13174166 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 152 |
| Listing Provided By | ROYAL LEPAGE TERREQUITY REALTY | DIYANA NONCHEVA |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Cooling | Window air conditioner |
|---|---|
| Heating | Electric |
| Appliances | Washer, Refrigerator, Water meter, Stove, Range, Dryer, Water Heater |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 2 |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Conservation/green belt, Carpet Free |
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 13730.57 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Mississauga (Port Credit) |
| Postal Code | L5G1H3 |
| Listing VS Median (in L5G1H3) | |
Price: $2,149,000 low | high Med: $2,149,000 sqft: 3,500 low | high Med: 3,800 $ / sqft: $614 low | high Med: $566 On site: 152 low | high Med: 152 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Mississauga (Port Credit) |
| Postal Code | L5G1H3 |
| Listing VS Median (in L5G1H3) | |
Price: $2,149,000 low | high Med: $2,149,000 sqft: 3,500 low | high Med: 3,800 $ / sqft: $614 low | high Med: $566 On site: 152 low | high Med: 152 | |
