321 Lakeshore Road E, photo 1

For sale Port Credit, Mississauga, ON

321 Lakeshore Road E

List price
$2,149,000
Sq ft
3500-5000
Bedrooms
6+1
Bathrooms
6

About this home

**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.

Photos of 321 Lakeshore Road E

Facts and features of 321 Lakeshore Road E

Key facts
TypeMultiplex
Style3-Storey
Bedrooms6 + 1
Bathrooms6
Size3500-5000 sq ft
Lot25.04 x 109.16 Feet
Parking3
GarageNone
HeatingWater
CoolingWindow Unit(s)
BasementApartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
ExteriorBrick
Taxes$13,731 (2025)
Days on market156
Listing brokerageROYAL LEPAGE TERREQUITY REALTY

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MLS® W13174166 Data source: PropTx Listed May 26, 2026