7 Bedroom
6 Bathroom
3,500 - 5,000 ft2
Fireplace
Window Air Conditioner
$2,149,000
**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. (id:61194)
Property Details
|
MLS® Number
|
W13174166 |
|
Property Type
|
Multi-family |
|
Community Name
|
Port Credit |
|
Amenities Near By
|
Hospital, Park, Public Transit |
|
Features
|
Conservation/green Belt, Carpet Free |
|
Parking Space Total
|
3 |
Building
|
Bathroom Total
|
6 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Below Ground
|
1 |
|
Bedrooms Total
|
7 |
|
Amenities
|
Fireplace(s), Separate Electricity Meters |
|
Appliances
|
Range, Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Finished |
|
Basement Features
|
Apartment In Basement, Walk Out, Separate Entrance, Walk-up |
|
Basement Type
|
N/a, N/a (finished), N/a, N/a |
|
Cooling Type
|
Window Air Conditioner |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Smoke Detectors |
|
Fireplace Present
|
Yes |
|
Fireplace Total
|
2 |
|
Foundation Type
|
Block |
|
Half Bath Total
|
2 |
|
Heating Fuel
|
Electric |
|
Stories Total
|
3 |
|
Size Interior
|
3,500 - 5,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Park, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
109 Ft ,2 In |
|
Size Frontage
|
25 Ft |
|
Size Irregular
|
25 X 109.2 Ft |
|
Size Total Text
|
25 X 109.2 Ft |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
