1/31314 LAKESHORE ROAD W, Mississauga (Port Credit)
314 LAKESHORE ROAD W, Mississauga (Port Credit), ON L5H1G8
$2.2M total
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Asset Class
Multifamily
Size
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Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
85%
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.
Monthly debt service
$10K
Projected NOI
$63K
Annual cash flow
$-59K
Cash-on-cash
-8.90%
DSCR
0.52
Going-in cap
2.87%
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.
Area demographics
Trade area within 3 miles of the property.
Population
67,473
Households
23,524
Median income
$112,000
Median age
34.4
Daytime population
89,771
5-yr growth
7.2%
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).
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.