321 Lakeshore Road E, Mississauga, ON L5G 1H3
Port Credit, Mississauga · Near Lakeshore Rd E and Hurontario St · View map
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.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Basement bedrooms
- 1
- Bathrooms
- 6
- Kitchens
- 4
- Rooms
- 15
- Basement
- Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
- Lot size
- 25 x 109.2 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Water
- Air conditioning
- Window Unit(s)
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Available, Boulevard, Private
Taxes & other
- Property taxes
- $13,731/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Lakeshore Rd E and Hurontario St
- Neighbourhood
- Port Credit
More
- Price per sq ft
- ~$506 (at 4,250 sq ft)
- MLS® number
- W13174166
No matching details. Ask Will instead
The home and its surroundings
- Carpet Free
- Countertop Range
- Separate Hydro Meter
- Storage Area Lockers
- Water Heater Owned
- Water Meter
- Greenbelt/Conservation
- Hospital
- Lake Access
- Park
- Public Transit
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
321 Lakeshore Road, Mississauga, ON L5G 1H3
Port Credit, Mississauga · Near Lakeshore Rd E and Hurontario St
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 321 Lakeshore Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 321 Lakeshore Road E
Answers come straight from this home’s MLS® listing.
How much is 321 Lakeshore Road E listed for, and what would it cost each month?
321 Lakeshore Road E is listed for $2,149,000. With 20% down ($429,800), the mortgage payment would be roughly $8,668 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $9,813 a month, all in. That figure is an illustration, not a quote.
Is 321 Lakeshore Road E freehold or a condo, and is there a monthly fee?
321 Lakeshore Road E is a multiplex in Port Credit, Mississauga. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 321 Lakeshore Road E have?
321 Lakeshore Road E has 6 bedrooms, plus 1 more bedroom in the basement, and 6 bathrooms. The listing gives the style as 3-storey.
Does 321 Lakeshore Road E have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 321 Lakeshore Road E have a finished basement?
The listing describes the basement as apartment, finished, finished with walk-out, separate entrance, walk-up. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 321 Lakeshore Road E?
321 Lakeshore Road E is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 321 Lakeshore Road E, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 25 x 109.2 ft.
How is 321 Lakeshore Road E heated and cooled?
Heating is water (electric). Cooling is window unit(s).
What are the property taxes for 321 Lakeshore Road E?
Property taxes are $13,731 a year (2025), or about $1,144 a month.
Where is 321 Lakeshore Road E?
321 Lakeshore Road E is in the Port Credit community of Mississauga. The nearest main intersection is Lakeshore Rd E and Hurontario St. The postal code is L5G 1H3.
Is 321 Lakeshore Road E still for sale?
Yes. It is an active listing (MLS® W13174166). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 321 Lakeshore Road E asking?
Similar properties for sale nearby right now include 321 Lakeshore Road E at $2,149,000, 24 Oakwood Avenue N at $1,799,000 (6+3 bed) and 43 Broadview Avenue at $1,599,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 321 Lakeshore Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 321 Lakeshore Road E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Port Credit, picked by style, size and price.
Commercial retail$2,149,000321 Lakeshore Road E, MississaugaPort CreditCourtesy of: ROYAL LEPAGE TERREQUITY REALTYView home →
Triplex$1,799,00024 Oakwood Avenue N, Mississauga6+3 bed · 3 bath · Port CreditCourtesy of: BOSLEY REAL ESTATE LTD.View home →
Triplex$1,599,00043 Broadview Avenue, Mississauga4 bed · 3 bath · Port CreditCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →Courtesy of: ROYAL LEPAGE TERREQUITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.