For Sale: 321 Lakeshore Road E, Mississauga, ON - REW
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$2,149,000
6 + 1 bd • 6 ba • 3500 - 5000 sf • House
321 Lakeshore Road E
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$2,149,000
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321 E Lakeshore RoadMississauga, ON, L5G 1H3

Port Credit
  • 6 + 1 Bed
  • 6 Bath
  • 3500 - 5000 Sqft
  • House

About this home

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.
Listed by: Diyana Noncheva, Salesperson, ROYAL LEPAGE TERREQUITY REALTY

Home facts and features

Price details
List Price
$2,149,000
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Gross Taxes for 2025
$13,731
Home facts
Bedrooms
6 + 1
Full Bathrooms
6
Parking Spaces
3
Parking Details
Available, Boulevard, Private
Property Type
House
Lot Size
25 ft x 109 ft (2733 ft²)
Depth
109.16
Frontage
25.04
Exterior Finish
Brick
Heating Type
Water, Electric
Cooling
Window Unit(s)
Basement Details
Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Features
Carbon Monoxide Detectors, Greenbelt/Conservation, Hospital, Lake Access, Park, Public Transit, Smoke Detector
Amenities
Multiple Entrances, Parking
Community
Agent details
Primary Agent
Diyana Noncheva
Primary Broker
ROYAL LEPAGE TERREQUITY REALTY
Listing details
Days on REW
9 Days
MLS® Number
W13174166
Source
Toronto Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Mentor College Primary Campus
  • Private
  • JK - 12
Mentor College
  • Private
  • JK - 12
Blyth Academy Mississauga - Adamson
  • Private
  • 11 - 12
Forest Avenue Public School
  • Public
  • JK - 6
Mineola Public School
  • Public
  • JK - 6
Port Credit Secondary School
  • Public
  • 9 - 12
Janet I. McDougald Public School
  • Public
  • JK - 5
The Thinnox Academy - Lakeshore
  • Private
  • 7 - 12
St Dominic School
  • Catholic
  • JK - 8
Cawthra Park Secondary School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Diyana Noncheva
Phone:
647-885-0267
Office:
905-493-5220
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.