321 Lakeshore Road E, Mississauga, ON L5G 1H3
Port Credit · Mississauga · ON
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
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