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321 Lakeshore Road E, Mississauga, ON L5G 1H3

Port Credit · Mississauga · ON

$2,149,000For Sale Updated 3 days ago
7Beds
6Baths
3.00Parking
3500-5000 sq ftLiving area
MultiplexProperty type

About this property

**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

MLS® Number
W13174166
Status
Active / New
Transaction
For Sale
Property Type
Residential Freehold
Property Subtype
Multiplex
Bedrooms Above Grade
6
Bedrooms Below Grade
1
Kitchens
4
Living Area Range
3500-5000
Lot Size
Feet
Lot Width
25.04
Lot Depth
109.16
Taxes
$13,731
Tax Year
2025
Garage
None
Parking Spaces
3
Parking Total
3.00
Heating
Water / Electric
Cooling
Window Unit(s)
Basement
Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Sewer
Sewer
Direction Faces
South
Cross Street
Lakeshore Rd E and Hurontario St
Directions
Lakeshore Rd E and Hurontario St
Occupancy
Tenant

Interior Features

Interior
Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
Fireplace
Electric
Security
Carbon Monoxide Detectors, Smoke Detector

Exterior Features

Pool
None

Building & Construction

Style
3-Storey
Construction
Brick
Foundation
Block
Roof
Flat

Parking & Garage

Garage
None
Parking features
Available, Boulevard, Private
Parking spaces
3
Parking total
3.00
Covered spaces
0

Community & Neighbourhood

Property features
Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Cross street
Lakeshore Rd E and Hurontario St

Utilities & Services

Sewer
Sewer

Location

Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY

Property History

Listed
May 26, 2026 10:10 AM
Listing updated
November 7, 2026 11:49 AM
System updated
November 7, 2026 11:49 AM
Photos changed
June 2, 2026 3:38 PM
Media changed
October 13, 2026 6:01 PM
Imported locally
November 7, 2026 12:00 PM

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