$2,149,000
FOR SALE

Multiplex 3-Storey

Bedrooms: 7Bathrooms: 6Lot: 25.04 x 109.16 ft
2025 Taxes: $13,730.57

321 Lakeshore Rd E
Mississauga, ON L5G 1H3 | Port Credit | Peel

Rare Opportunity to Own a Powerhouse 6 - Units Trophy Asset at Port Credit with 6 Different Cash Flows Each Month. Diversified Income Ensures you're Never at Risk. Very High Net Operating Income (NOI). This isn't just a Building it's a High-Yield Investment Plan in a Location that Never Stays Vacant. Offering 4 Residential Apartments + 2 Premium Commercial Units with High Ceilings that Face High Walking Traffic Main Street. There Private Lockers, 3 Private Parking Spots, Skylight, Plenty of Storage Recently Renovated Retail Stores and the 2-Bed. apart. Current Rents Offer a Solid Baseline, but the Value-Add Potential is Massive. Low Maintenance. A Lot of Upgrades! 6 SEPARATE HYDRO METERS (protecting your bottom line ) & Newer Furnace & HWT & Updated Electrical in a Well-Maintained Building, Located in a High-Growth Corridor on the Most Famous Street in Mississauga. As Port Credit Continues to Explode with Luxury Developments, the Land Value here is a "Buy " Dream. Steps from the Port Credit Harbour Marina, the GO Station, and the City's Nightlife. Being steps from the future Hurontario LRT makes this an "A-class" location for professionals commuting to Toronto. Walk Score of 89. Tenants Pay a Premium to Live in this Neighborhood, and Businesses will Fight for the Frontage. Port Credit is a Premium Waterfront Neighbourhood with Limited Supply, which Drives Strong Demand for Residential and Commercial Spaces.***Financing Advantage: At $2,149,000, your Debt Service Coverage Ratio (DSCR) improves. Lenders love seeing a 5.38% yield on a "Class A" Location like Port Credit it Makes Getting a Mortgage Much Easier and Potentially Secures you a Better Interest Rate. Investing in a Port Credit 6-plex using CMHC MLI Select is a high-leverage strategy that can significantly increase your cash-on-cash return by minimizing upfront equity and maximizing monthly cash flow.
Extras
Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
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Listed By ROYAL LEPAGE TERREQUITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W13174166
Last Updated May 26, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 134870127
Legal Description PT LT 143 PL H21 PORT CREDIT; PT LT 144 PL H21 PORT CREDIT AS IN RO834201 EXCEPT BL245 ; MISSISSAUGA
Possession Date Flexible
Taxes (2025) $13,730.57
Directions/Cross Streets Lakeshore Rd E and Hurontario St
Neighbourhood Port Credit
Area Peel
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 7
Bathrooms 6
Lot 25.04 x 109.16 ft
Exterior Brick
Air Conditioning Window Unit(s)
Family Room Y
Fireplace/Stove Y
Basement Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Garage Type None
Parking Spaces 3
Heat Source Electric
Heat Type Water
Sewers Sewer

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