$1,688,900 - 378 Lakeshore Road, Mississauga
Multi-Family for Sale in Mississauga
Popular Listing- MLS Number
- W13229228
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 11
- 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.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
378 Lakeshore Road, Mississauga
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Rental income estimator & ROI calculator
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.
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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,037 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.