You can buy an entire apartment building in the desirable Port Credit, Mississauga for $3.6M

There’s a special investment opportunity waiting in Port Credit at 314 Lakeshore Rd. W. This property is different from others because it has eight empty apartments. This means new owners can decide how much rent to charge based on what people are paying now, which could lead to making more money.

The building combines old-time charm with new updates, offering five one-bedroom apartments and three two-bedroom apartments. It could bring in more than $230,000 every year if all the units are rented out.

The recent updates, including new carpets, lights, and brand-new water heaters, make this an even better deal because investors won’t have to spend extra money right away to fix things up.

Security and ease of living are big deals here, with parking for ten cars, a system that lets residents talk to visitors at the door from inside their apartments, and cameras around the property to keep everyone safe.

The property’s location is also a big plus. It’s near the Bay of Quinte, making it attractive to people looking for beautiful places to live.

It’s also close to fun places like vineyards, Lake on the Mountain, and outdoor spots, offering lots of things to do.

Priced at $3,600,000, 314 Lakeshore Rd. W is more than just a building—it’s a chance to be part of the lively Port Credit area with a solid investment that could pay off big time. This property also includes 10 parking spots.

This opportunity is perfect for someone wanting to grow their investment in a community known for its great lifestyle, beautiful environment, and strong demand for rental places.

View the listing here

Leave a comment