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Gail Reeves Reid

gail.reevesreid@exprealty.com +1(416) 540-8681

Est. payment - /mo

6 Beds

6 Baths

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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Port Credit

MLS Listing ID W13174166

Style 3-Storey

Bedrooms 6

Annual Tax Amount $13,730

Tax Year 2025

Property Sub-Type Multiplex

Lot Depth 109.16

Lot Front 25.04

Appx SqFt 3500-5000

Property 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.

Location

Province ON

County Peel

Area Peel

Rooms

Family Room Yes

Basement Apartment, Finished, Finished with Walk-Out, Separate Entrance, Walk-Up

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free, Countertop Range, Separate Hydro Meter, Storage Area Lockers, Water Heater Owned, Water Meter

Cooling Window Unit(s)

Fireplaces Number 2

Fireplaces Type Electric

Inclusions Washer, Dryer. (4) Fridge, (4) Stoves, A/C window Units, Fireplaces, HWT, Lockers

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Flat

Lot Frontage 25.04

Lot Depth 109.16

Total Parking Spaces 3

Building

Foundation Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

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Listed by ROYAL LEPAGE TERREQUITY REALTY

Nearby School & Business

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Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

321 Lakeshore RD E Mississauga, ON L5G 1H3

Gail Reeves Reid

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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