$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
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
Estimated mortgage payment
$9,515 per month
- Principal and interest
- $9,515
- Property tax
- $1,144
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $470,000
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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