$2,149,000
321 Lakeshore Rd E
Mississauga, ON L5G 1H3
321 Lakeshore Rd E, Mississauga — Listed at $2,149,000. 7 bedroom, 6 bathroom 3-Storey Multiplex. MLS® W13174166.
Possession · seller's timeline
Immediate (Flexible)
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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 Insights
Listing Courtesy of: ROYAL LEPAGE TERREQUITY REALTY
MLS® #W13174166


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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).
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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.












































