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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$2,149,000
Available - For Sale
Listing ID: W13174166
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.
Price $2,149,000
Taxes: $13,730.57
Occupancy by: Tenant
Address: 321 Lakeshore Road East , Mississauga, L5G 1H3, Peel
Directions/Cross Streets: Lakeshore Rd E and Hurontario St
Rooms: 15
Bedrooms: 6
Bedrooms +: 1
Washrooms: 6
Family Room: T
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Third
Washroom 2:  4 Second
Washroom 3:  2 Main
Washroom 4:  3 Basement
Washroom 5:  0
Washroom 6:  4 Third
Washroom 7:  4 Second
Washroom 8:  2 Main
Washroom 9:  3 Basement
Washroom 10:  0
Washroom 11:  4 Third
Washroom 12:  4 Second
Washroom 13:  2 Main
Washroom 14:  3 Basement
Washroom 15:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available,
Drive Parking Spaces: 3
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Boulevard
Pool: None
Approximatly Square Footage: 3500-5000
Property Features: Greenbelt/Co
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Water
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TERREQUITY REALTY

321 Lakeshore Road East , Mississauga, L5G 1H3, Peel

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Freehold - Multiplex
Area: Peel
Municipality: Mississauga
Neighbourhood: Port Credit
Style: 3-Storey
Lot Size: x 109.16(Feet)
Approximate Age:
Tax: $13,730.57
Maintenance Fee: $0
Beds: 6+1
Baths: 6
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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