56, South Forster Park, 1002 - CO Central, Oakville, Commercial
MLS® Number W13002336
For Sale $ 4,450,000
- 17424 SQFT
Description
Commercial Investment For Sale.
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.
Cross Street: South Forster Park Dr, & Queen Mary Dr
Key Facts
- Days on: 24 days
- Mls Status: Sold Conditional
- Lot Type: Lot
- Lot Width: 114.91
- Garage Type: Outside/Surface
- Heat Type: Water Radiators
- Cooling: No
- Building Area Total: 17424 Square Feet
Location 56, South Forster Park, 1002 - CO Central, Oakville
Search by Neighbourhoods