REQUEST A TOUR

Gail Reeves Reid

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

Est. payment - /mo

6 Beds

6 Baths

Save

UPDATED:

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 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.

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

Read Less Info

Listed by ROYAL LEPAGE TERREQUITY REALTY

Nearby School & Business

Get More Information

Gail Reeves Reid

+1(416) 540-8681

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

Get More Information

Free Account Required