41
$2,149,000 Sale
Listed 140 days ago
321 Lakeshore Road E
· 6+1
· 6
· 3
· 3500-5000
Listing History
Buy/Sell/Terminated/Expired listing history for 321 Lakeshore Road E
Key Facts
Key facts for 321 Lakeshore Road E
Property Type
Apartment, 3-Storey
Parking
None 0 garage, 3 parking
MLS #
W13174166
Size
3500-5000 sqft
Basement
Apartment,Finished,Finished with Walk-Out,Separate Entrance,Walk-Up
Listed on
2026-05-26
Lot size
25 x 109.16
Tax
$13,730.57 /yr
Days on Market
140
Approximate Age
-
Maintenance Fee
-
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 in...vestment 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.
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Courtesy of: ROYAL LEPAGE TERREQUITY REALTY