$1,688,900 - 378 Lakeshore Road, Mississauga
Multi-Family for Sale in Mississauga
35 days on marketNeighbourhood: Port Credit
- MLS Number
- W13229228
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 35
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Exceptional Location & Outstanding Investment Opportunity! Own a legal duplex with an additional legal basement apartment in the highly desirable Port Credit West Village waterfront community. Fully tenanted and generating strong rental income, this well-maintained property offers three fully self-contained legal units, including a spacious stunning one-bedroom basement suite, a beautifully updated three-bedroom main-floor unit, and an equally impressive two-bedroom second-floor apartment.Each unit operates independently with separate hydro meters, individual water heaters, and private ensuite laundry facilities. The property has been extensively updated throughout, including electrical, plumbing, radiant heating, split A/C units on the main and second floors, windows, kitchens, bathrooms, flooring, and a new roof completed in 2023. Additional recent improvements include the second-floor dishwasher (2022) and stove (2025), as well as the main-floor refrigerator and washer/dryer (2022).Ideally situated in one of Mississauga's most sought-after waterfront neighbourhoods, residents enjoy convenient access to exciting new retail, commercial, and office developments, along with an abundance of parks and green spaces. Just steps away are public transit, the Port Credit GO Station, boutique shopping, restaurants, cafés, waterfront parks, scenic walking trails, and extensive biking and jogging paths, making this a truly exceptional investment in a thriving lakeside community.
Estimate your monthly payments for this property
Estimated Payment
$7,470.57/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.
378 Lakeshore Road, 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
Fair Market Value
At $844/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 7 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.
About Port Credit
I know Port Credit well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.