Description

 Price: $ 4,450,000.00 MLS^®: W13002336         Location : 56 South Forster Park Drive, Oakville, ON L6K 1Y7

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.

Location Description

South Forster Park Dr, & Queen Mary Dr

Property Details

• Community: 1002 - CO Central
• Property Type: Vacant/Commercial
• Garages: Outside/Surface

Building Features

Features

• Heating: Water Radiators
• Sewer: Sanitary+Storm ,