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321 LAKESHORE ROAD E, Mississauga (Port Credit) — listed at $2,149,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
**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:60164)
Is 321 LAKESHORE ROAD E a good fit for a growing family?+
With 7 bedrooms and 6 bathrooms, there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What makes this a luxury property?+
At $2,149,000, standout features include 6 bathrooms, 2 fireplaces. In this price range, expect higher-end finishes — verify during a showing.
What's the parking situation?+
This property includes 3 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $13,730.57, heating is electric. Always verify the latest figures with your agent before making an offer — these change yearly.
How many fireplaces are there, and what type?+
This home has 2 fireplaces. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
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