**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.
For sale
C$2,149,000
321 Lakeshore Rd E, Mississauga, ON L5G 1H3
7beds
6baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
High ceilingsPlenty of storageRecently renovated retail stores
- 96 days
- 24
- 0
Zillow last checked:
Listing updated:
Listed by:
ROYAL LEPAGE TERREQUITY REALTY
Source: TRREB,MLS®#: W13174166
Originating MLS®#: Toronto Regional Real Estate Board
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- Water, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Countertop Range, Water Heater Owned
Features
- Separate Hydro Meter, Storage Area Lockers, Water Meter
- Flooring: Carpet Free
- Basement: Apartment,Finished,Finished with Walk-Out,Separate Entrance,Walk-Up Access
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Living area range: 3500-5000 null
Property
Parking
- Total spaces: 3
- Parking features: Available, Boulevard, Private
Accessibility
- Accessibility features: Multiple Entrances, Parking
Features
- Stories: 3
- Pool features: None
Lot
- Size: 2,733 Square Feet
- Features: Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit
Details
- Parcel number: 134870127
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block
- Roof: Flat
Utilities & green energy
- Sewer: Sewer
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Mississauga
Financial & listing details
- Annual tax amount: C$13,730
- Date on market: 5/26/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Port Credit
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.







