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Multiplex for sale at 321 Lakeshore Road E, Mississauga - 7 bedroom, 6 bathroom - Photo 1 of 45
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$2,149,000

321 Lakeshore Rd E

Mississauga, ON L5G 1H3

321 Lakeshore Rd E, MississaugaListed at $2,149,000. 7 bedroom, 6 bathroom 3-Storey Multiplex. MLS® W13174166.

Possession · seller's timeline

Immediate (Flexible)

7Beds
6Baths
3500-5000sqft
Multiplex
3-Storey
3Parking
$13,730.57Taxes/yr · 2025

What's this home worth?

Get a free estimate for 321 Lakeshore Rd E

Description

**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

Property TypeMultiplex
Style3-Storey
CommunityPort Credit
Rooms15
Kitchens4
Washrooms6
Square Feet3500-5000 sqft
Lot Dimensions25.04 × 109.16 ft
Fronting OnSouth
Dir/Cross StLakeshore Rd E and Hurontario St
Garage TypeNone
DriveAvailable, Boulevard, Private
Parking Drive Spaces3
Total Parking Spaces3
ExteriorBrick
RoofFlat
FoundationBlock
BasementApartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Fireplace FeaturesElectric
Heating TypeWater
Heating SourceElectric
A/CWindow Unit(s)
SewersSewer
Taxes (2025)$13,730.57
HSTIn Addition To, Included In
SecurityCarbon Monoxide Detectors, Smoke Detector
Listed Date5/26/2026
Days on Market102 days
PossessionFlexible
Same-day showings available
5.0Rated 5 stars on Google ReviewsWhatsApp Us About This Listing

Property Insights

Home Value
Estimate

Listing Courtesy of: ROYAL LEPAGE TERREQUITY REALTY

MLS® #W13174166

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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HouseIndex Take: 321 Lakeshore Road E

This multiplex (3-Storey) is located in the Port Credit neighbourhood of Mississauga.

The home offers 7+1 bedrooms, 6 bathrooms.

Features include a apartment, finished, finished with walk-out, separate entrance, walk-up basement, 3 parking spaces, a fireplace.

Additional details: lot dimensions of 25.04 × 109.16 feet.

Listed at $2,149,000 CAD with annual property taxes of $13,730.57 (2025).

About Mississauga Real Estate

This Multiplex is located in the Port Credit community in Mississauga. Mississauga is Ontario's third-largest city, offering a strong balance of suburban space and urban amenities along the western shores of Lake Ontario. The Square One district is rapidly densifying, while established areas like Lorne Park and Erin Mills offer mature tree-lined streets. Pearson International Airport and the 403/QEW provide excellent regional connectivity.

Pearson Airport & 403/QEW accessSquare One shopping districtPort Credit waterfront & marinaTop-ranked Peel District School Board
~40 min commute to downtown TorontoWalkability: Moderate — highest near Square One and Port Credit
View full Mississauga neighbourhood guide →