Gurvinder Nokwal REALTOR®
For Sale Multiplex 145 days on market

$2,149,000

Est. payment $9,515/moCalculate yours

321 Lakeshore Road E, Mississauga, ON L5G 1H3

Port Credit, Mississauga, ON L5G 1H3

  • 6 + 1 Beds
  • 6 Baths
  • 3,500 Sq Ft
Map

Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY MLS® W13174166

About this home

**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.

Property details

Overview

Property Type
Multiplex
Style
3-Storey
For
For Sale
Status
Sold Conditional
Size
3,500 sqft

Interior

Bedrooms
6 + 1
Bathrooms
6
Kitchens
4
Basement
Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up

Building & Systems

Heating
Water (Electric)
Cooling
Window Unit(s)
Exterior
Brick
Foundation
Block
Roof
Flat
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
25.04 x 109.16 Feet
Parking
None garage · 3 total

Financial

Property Taxes
$13,731 (2025)

Location

Neighbourhood
Port Credit
Cross Street
Lakeshore Rd E and Hurontario St
Direction Faces
South

Listing

MLS® Number
W13174166
Days on Market
145
Listed On
2026-05-26
Possession
Flexible
Listed By
ROYAL LEPAGE TERREQUITY REALTY

Features

Interior

  • Carpet Free
  • Countertop Range
  • Separate Hydro Meter
  • Storage Area Lockers
  • Water Heater Owned
  • Water Meter

Property

  • Greenbelt/Conservation
  • Hospital
  • Lake Access
  • Park
  • Public Transit

Pool

  • None
Included
Washer, Dryer. (4) Fridge,(4) Stoves, A/C window Units, Fireplaces, HWT, Lockers
Excluded
all tenants stuff
Rental items
n/a

Mortgage calculator

Minimum for this price: $429,800 (20%)

Amortization, years

Estimated mortgage payment

$9,515 per month

Principal and interest
$9,515
Property tax
$1,144
Estimated monthly cost
$10,660

Your mortgage

Mortgage amount
$1,719,200
Mortgage insurance
Not needed
Interest over 25 years
$1,135,392

Cash to close

Down payment
$429,800
Land transfer tax
$40,200
Total, before legal fees
$470,000
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

321 Lakeshore Road E, Mississauga, ON L5G 1H3 Port Credit, Mississauga, ON L5G 1H3
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$2,149,000 321 Lakeshore Road E, Mississauga, ON L5G 1H3
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