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 one unit vacant at the time of sale. The Property benefits from stabilized income, owned laundry facilities, and additional parking revenue. The Property has a projected Year 1 Net Operating Income of $170,877 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.
Beyond the strong underlying fundamentals, the Property is well-kept and provides a welcoming atmosphere to tenants. The suites have been renovated upon vacation, and the common areas feature mid-century design details, creating a warm environment that residents are proud to call home.