$1,399,000 - 929 Lakeshore Road, Mississauga
Multi-Family for Sale in Mississauga
112 days on market- MLS Number
- W12825260
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 112
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- MANOR HILL REALTY INC.
Welcome to an exceptional triplex opportunity at 929 Lakeshore Rd E, Mississauga, offering versatility, income potential, and long term value in a rapidly transforming waterfront community. This fully renovated property features three self contained units, each with separate entrances, separately metered utilities, ensuite laundry, and stainless steel appliances, making it ideal for investors, multi generational families, or first time buyers looking to offset their mortgage by living in one unit and renting the others. The upper unit will be vacant as of February 1st, allowing immediate occupancy or rental flexibility. Recent upgrades include a newly finished vinyl exterior, with all major big ticket items already renovated and taken care of, providing peace of mind for years to come. Enjoy a large backyard and the endless possibilities this layout offers. Perfectly located near Port Credit Village and the highly anticipated Lakeview Waterfront redevelopment, a landmark project bringing new parks, trails, retail, and vibrant mixed use spaces along Lake Ontario. Close to all major amenities, schools, transit, waterfront parks, and commuter routes including GO Transit and the QEW, this property combines lifestyle, convenience, and strong investment appeal in one of Mississauga's most sought after and future forward neighbourhoods. **HUGE VALUE WITH DUAL ZONING POTENTIAL TO INCLUDE COMMERCIAL USE**
Estimate your monthly payments for this property
Estimated Payment
$6,188.25/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.
929 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 $933/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.
Negotiation Opportunity
At 112 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.
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 $5,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.