56 South Forster Park Drive, Oakville, ON L6K 1Y7
Oakville , L6K 1Y7
$4,450,000.00
17424 Square Feet
Commercial
Property Details
| MLS Number | W13002336 |
| Property Type | Commercial |
| City | Oakville |
| City Region | 1002 - CO Central |
| Postal Code | L6K 1Y7 |
| Cross Street | South Forster Park Dr, & Queen Mary Dr |
| Street Number | 56 |
| Street Name | South Forster Park |
| Lot Width | 114.91 ft |
| Lot Depth | 147.83 ft |
| Building Area | 17424 Square Feet |
| Annual Tax | $18,483.24 |
| Sewer | Sanitary+Storm |
| Utilities | Yes |
| Occupant Type | Vacant |
Description
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads