$2,149,000
23.07 BTC
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321 Lakeshore Road, Mississauga
$2,149,000
PRICE
6 + 1
BEDROOMS
6
BATHROOMS
W13174166
MLSID

321 Lakeshore Road, Mississauga

**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.
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Summary

Address
321 Lakeshore Road
Community
MLSID
W13174166
Property Type
Multiplex
Property Category
Bedrooms
6 + 1
Bathrooms
6
Kitchens
3 + 1
Taxes (Annual)
$13,730.57
Tax Year
2025
Published
May 26, 2026
Days on Market
110 Days
Possession Type
Immediate
Possession Details
Flexible
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Inclusions

Washer, Dryer. (4) Fridge,(4) Stoves, A/C window Units, Fireplaces, HWT, Lockers

Exclusions

all tenants stuff

Details

Property Features
Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Third Level
Bathroom 2
4-Piece Second Level
Bathroom 3
2-Piece Main Level
Bathroom 4
3-Piece Basement Level
Basement
Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Interior Features
Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
Parking Spaces
3
Parking Total
3
Parking Features
Available, Boulevard, Private
Architectural Style
3-Storey
Roof
Flat
Construction Materials
Brick
Lot Width
25 Feet
Lot Depth
109 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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