56 South Forster Park Drive, Oakville, ON L6K 1Y7

Oakville L6K 1Y7 Ontario

MLS: W13002336

$4,450,000

Added 1 hour ago | For Sale

Listed by: COLLIERS

About Property

Located within a 5-minute drive from downtown Oakville, this offering includes a freestanding, 15-unit low-rise apartment building. All units are two bedroom units, with two units vacant at the time of sale. The Property benefits from stabilized income, rented laundry facilities, and additional parking revenue. The Property has a projected Year 1 Net Operating Income of $180,877 and is ideal for investors seeking significant upside potential in one of the GTA's most desirable submarkets. Significant upside potential exists through rent adjustments on tenant turnover, making this an excellent option in a supply-constrained market.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 114.91 X 147.83
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:South Forster Park Dr, & Queen Mary Dr
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $18483.24
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Water Radiators
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:W13002336

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