Rare Opportunity to Own a Powerhouse 6 Units Trophy Asset at Port Credit with 6 Different Cash Flows Each Month.


Property

Website:https://www.nestseekers.com/5511502
Address:
Mississauga L5G 1H3
Canada
Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 6

Financials

Price:C2,149,000
($1,556,400)
(€1,337,900)
Annual Taxes:C13,730.57

Description

Rare Opportunity to Own a Powerhouse 6 - Units Trophy Asset at Port Credit with 6 Different Cash Flows Each Month. Diversified Income Ensures you're Never at Risk. Very High Net Operating Income (NOI). This isn't just a Building it's a High-Yield Investment Plan in a Location that Never Stays Vacant. Offering 4 Residential Apartments + 2 Premium Commercial Units with High Ceilings that Face High Walking Traffic Main Street. There Private Lockers, 3 Private Parking Spots, Skylight, Plenty of Storage Recently Renovated Retail Stores and the 2-Bed. apart. Current Rents Offer a Solid Baseline, but the Value-Add Potential is Massive. Low Maintenance. A Lot of Upgrades! 6 SEPARATE HYDRO METERS (protecting your bottom line ) & Newer Furnace & HWT & Updated Electrical in a Well-Maintained Building, Located in a High-Growth Corridor on the Most Famous Street in Mississauga. As Port Credit Continues to Explode with Luxury Developments, the Land Value here is a "Buy " Dream. Steps from the Port Credit Harbour Marina, the GO Station, and the City's Nightlife. Being steps from the future Hurontario LRT makes this an "A-class" location for professionals commuting to Toronto. Walk Score of 89. Tenants Pay a Premium to Live in this Neighborhood, and Businesses will Fight for the Frontage. Port Credit is a Premium Waterfront Neighbourhood with Limited Supply, which Drives Strong Demand for Residential and Commercial Spaces.***Financing Advantage: At $2,149,000, your Debt Service Coverage Ratio (DSCR) improves. Lenders love seeing a 5.38% yield on a "Class A" Location like Port Credit it Makes Getting a Mortgage Much Easier and Potentially Secures you a Better Interest Rate. Investing in a Port Credit 6-plex using CMHC MLI Select is a high-leverage strategy that can significantly increase your cash-on-cash return by minimizing upfront equity and maximizing monthly cash flow.

Amenities

  • Carbon Monoxide Detectors
  • Carpet Free
  • Countertop Range
  • Electric
  • Multiple Entrances
  • Parking
  • Separate Hydro Meter
  • Smoke Detector
  • Storage Area Lockers
  • Water Heater Owned
  • Water Meter

Contact

505 Park Ave, New York, NY 10022