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Business For Sale · Multifamily

314 LAKESHORE ROAD W, Mississauga (Port Credit)

314 LAKESHORE ROAD W, Mississauga (Port Credit), ON L5H1G8

$2.2M total

5,900 SF

Asset Class

Multifamily

Size

5,900 SF

Building class

C

Zoning

RA9 — High Rise

$ / SF

$373

Occupancy

94%

About this property

FULLY VACANT purpose-built multiplex featuring 8 units (5x 1bedrooms & 3x 2 bedrooms). Approx 6.1% cap rate with $1800 for 1 bedrooms and $1950 for 2 bedrooms for fully updated units. Building has been renovated top to bottom. Service for Separate hydro meters in place, 100 AMP service in each unit. Rent out to your desired tenants. Updated Plumbing (2024). Updated Electrical (2024). Laundry on site, 10 Parking spaces. Located in the heart of Port Credit, 5 minute walk to the lake, short distance to the GO Station and local amenities. SHOWING ALL UNITS : Saturday, November 14th from 12:00 PM - 2:00 PM by appointment only. Please confirm attendance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.20M
Down payment30% · $660K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$87K

Annual cash flow

$-35K

Cash-on-cash

-5.26%

DSCR

0.72

Going-in cap

3.96%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design2,935 SF2034-02
Blue Harbour Design1,382 SF2034-02
Blue Harbour Design641 SF2034-02
Blue Harbour Design575 SF2034-02

Area demographics

Trade area within 3 miles of the property.

Population

107,668

Households

38,916

Median income

$121,000

Median age

34

Daytime population

124,356

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 314 LAKESHORE ROAD W, Mississauga (Port Credit).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.