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$2,149,000
For SaleListed 72 days ago

321 Lakeshore Road East, Mississauga, ONL5G 1H3

Port Credit
7
6
3,500–5,000 ft²
Multiplex3 Parking25.04 × 109.16 ft Lot
Listed by ROYAL LEPAGE TERREQUITY REALTY

Property Information

Property TypeMultiplex
Lot Size25.04 × 109.16 ft
BasementApartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up
Parking3 parking spaces · Available, Boulevard, Private
Property taxes$13,731/yr (2025)
Days on Market72 Days
Listed DateMay 26, 2026
MLS® NumberW13174166

Monthly Cost

Description

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 ) & 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.

Listing History

Event
Date
Price
Listed
May 26, 2026
$2,149,000

Shows activity for this MLS® listing. Prior listings and sold records appear when available.

Location

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School Catchments

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

All Mississauga school catchments

Licensed Childcare Nearby

Licensed childcare nearby
From Ontario’s Ministry of Education registry
6
Licensed centres nearby
0.2km
Closest centre
2
CWELCC
6
Before & after care
Licensed Child Care Centre
St. James Ymca
98 Wanita Road, Mississauga
0.2 km
Before & after school
Operator: The Ymca Of Greater Toronto
Licence #0006678·Child Care Centre
Licensed Child Care Centre
Plasp - Forest Avenue Public School
20 Forest Avenue, Mississauga
0.7 km
Before & after school
Operator: Plasp Child Care Services
Licence #12620·Child Care Centre
Licensed Child Care Centre
Plasp - Mineola P.S.
145 Windy Oaks Drive, Mississauga
0.8 km
Before & after school
Operator: Plasp Child Care Services
Licence #12636·Child Care Centre
Licensed Child Care Centre
Caring For Kids - "The Centre"
1110 Caven Street, Mississauga
1.0 km
CWELCC
Full day · Before & after school
Operator: Caring For Kids Child Care Services
Licence #20064·Child Care Centre
Licensed Child Care Centre
Little Leaf Daycare Port Credit
130 Mineola Road, Mississauga
1.1 km
CWELCC
Full day · Half day · Before & after school
Operator: Eureka Kids Inc.
Licence #55655·Child Care Centre
Licensed Child Care Centre
Plasp - Janet I. Mcdougald P.S.
498 Hartsdale Avenue, Mississauga
1.2 km
Before & after school
Operator: Plasp Child Care Services
Licence #0006108·Child Care Centre

About Port Credit

View Port Credit on Market

Who lives here

A snapshot of this home’s immediate area — the census dissemination area it sits in.

42%
Homeowners
64%
Households with kids
$84,000
Median income
44
Median age
More about this area
2.1
Avg. household size
40%
University degree
24%
Newcomers (immigrants)
Age profile551 residents
Under 2018%
20–3418%
35–6450%
65+14%

StatCan 2021 Census · this home’s dissemination area (DA 35210371). Values are randomly rounded by Statistics Canada for privacy.

Homes for sale nearby

DistrictIQ Inc., BrokerageMLS® data provided by PropTxUpdated Jun 25, 2026
Data sources & legal disclosures

Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

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