$1,929,000 - 24 Oakwood Avenue, Mississauga
Multi-Family for Sale in Mississauga
98 days on marketNeighbourhood: Port Credit
- MLS Number
- W12939670
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 98
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
OVERSIZED-VACANT TRIPLEX FOR SALEPurpose-built triplex in one of Port Credit's most sought-after mature neighbourhoods, nestled among predominantly single-family homes. This property offers two spacious three-bedroom suites (approx. 1,522 sq. ft. each) and one oversized two-bedroom suite (approx. 1,385 sq. ft.)-a unit mix and scale seldom found in residential triplexes, making it exceptionally well-suited to both pure investors and owner/investors, and multi-generational living. The property will be delivered vacant, providing a significant advantage with the ability to reset rents at current market levels upon completion. Currently undergoing a back-to-the-studs renovation, the property offers a unique opportunity to acquire it in its present state and complete it to your own specifications, or purchase it as a fully finished product. On-site parking plus a detached garage provide flexibility for personal use or additional rental income. Unbeatable walkability with shops, cafés, and grocery stores at your doorstep, and easy access to the Port Credit GO Station for seamless downtown connectivity. A highly flexible investment in a premier, transit-connected lakeside community. The exceptional unit sizes, three-bedroom layouts, and premier Port Credit location support strong rental demand and premium market rents. The vacant possession allows for full income repositioning from day one, while the walkable urban setting and direct GO access continue to attract high-quality professional tenants seeking space, convenience, and lifestyle. Property is being offered at the asking price in its current as-is condition.
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Estimated Payment
$8,532.62/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Waterfront Living at Its Finest
Port Credit is Mississauga's premier waterfront community, offering stunning Lake Ontario views and a vibrant village atmosphere. This sought-after neighbourhood combines urban amenities with natural beauty, featuring a bustling marina, eclectic restaurants, and beautiful waterfront parks. The area has undergone significant revitalization, making it one of the most desirable addresses in the GTA.
Why Live in Port Credit
- •Direct access to Lake Ontario waterfront and marina
- •Award-winning restaurants and local boutiques
- •Port Credit GO Station for easy Toronto commuting
- •Active arts and culture scene
- •Year-round festivals and community events
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 25 minutes to Union Station
- •MiWay bus connections throughout Mississauga
- •Waterfront Trail for cycling
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Port Credit Marina
- •J.C. Saddington Park
- •Port Credit Memorial Park
- •Waterfront Trail
- •Local cinema and performance venues
Lifestyle & Community
Port Credit offers an enviable waterfront lifestyle with the convenience of urban living. Residents enjoy morning walks along the lake, dining at acclaimed restaurants, and weekend sailing. The area attracts young professionals, families, and retirees who appreciate the active, social atmosphere.
24 Oakwood Avenue, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $643/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 98 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.