321 Lakeshore Road E, Mississauga, ON, L5G 1H3

MLS® # W13174166

House For Sale In Port Credit, Mississauga, Ontario

$2,149,000 QuickQuote^TM: $2.0M - $2.5M

6+1 Beds

6 Baths

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321 Lakeshore Road E, Mississauga, ON, L5G 1H3

$2,149,000

7 Beds

6 Baths

Property Information:

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 ) & 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.

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

Exclusions : all tenants stuff

Property Features:

Annual Tax Amount: $13,730
Accessibility Features: Multiple Entrances, Parking
Architectural Style: 3-Storey
Basement: Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Construction Materials: Brick
Cooling: Window Unit(s)
Fireplace Features: Electric
Floor Space (approx): 3500-5000 Square Feet
Foundation Details: Block
Garage Type: None
Heat Type: Water
Interior Features: Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter
Lot Depth: 109.16 Feet
Lot Frontage: 25.04 Feet
Parking Features: Available, Boulevard, Private
Pool Features: None
Property Features: Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Roof: Flat
Security Features: Carbon Monoxide Detectors, Smoke Detector
Heat Source: Electric
Water: Municipal
Sewer: Sewer
No. of Parking Spaces: 3

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
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