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$ 2,149,000
Est. payment /mo
Active
321 Lakeshore RD E Mississauga, ON L5G 1H3
3,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $565
Subdivision Port Credit
MLS Listing ID W13174128
Annual Tax Amount $13,730
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
**Location** Great INCOME PROPORTION. Two of The Most Important Criteria for Investment. This Amazing 6-Plex Offers the Best Cap Rates in the area, with Six Steady Income Streams Each Month. It Features 3 >2-Bed. Apartments (with balconies) + 1 >1-Bed. Apartment + 2 Commercial Stores & High Ceilings & Big Front Windows, Facing in a High-Foot Traffic Frontage. Many Upgrades to the Building. Recently Renovated one of the 2-Bed. Apartments and Commercial Stores. Newer Owned HWT, Updated Electrical System and Electrical Panel, and 6 separate Hydro Meters for each unit and plenty of storage space. Strong Existing Income with Potential to Generate Much More Revenue. It Includes 3 Parking Spaces, 4 Private Lockers in the Basement, and Multiple Entrances. ***Investing in this 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. As of May 2026, this program remains a primary tool for Canadian multifamily investors to access 95% Loan-to-Value (LTV) and 50-year amortizations. This Location Features Excellent Walkability, Steps from the Port Credit Harbour Marina, Shops, European cafés , and Grocery Stores Nearby, Along with Easy Access to the GO Station for Convenient Downtown Travel & the new Hazel McCallion LRT line at Port Credit GO, Minutes from Humber College, UTM, and Private Schools, making it an Incredible Investment in a Desirable Lakeside Community with Strong Transit Connections, Timing, and Wealth Generation.
Location
Province ON
County Peel
Area Peel
Zoning Residential/Commercial C3
Interior
Cooling Partial
Inclusions Washer, Dryer. (4) Fridge, (4) Stoves, A/C window Units, Electrical Fireplaces, HWT, Lockers
Exterior
Parking Features Outside/Surface
Utilities Available Available
Building
Lot Description Building
Lited by ROYAL LEPAGE TERREQUITY REALTY