321 LAKESHORE ROAD E

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. (id:66966)

Details

Type

Multi-family

Basement

Finished, Apartment in basement, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A, N/A

Garage

Garage

Property tax

$13,731

Neighbourhood

Port Credit

Municipality

Mississauga (Port Credit)

Interior

Bedrooms

6 above ground + 1 below

Fireplace

Yes

Appliances

Washer, Refrigerator, Water meter, Stove, Range, Dryer, Water Heater

Heating, cooling and services

Heating

Electric

Air conditioning

Window air conditioner

Water and sewer

Sanitary sewer

Building and exterior

Foundation

Block

Outdoor

Brick

Parking

Total parking

3

Driveway and parking

No Garage

Location

Location is approximate. See nearby homes on the map