416-492-2000
56 S Forster Park Dr, Oakville, ON for Sale
Apartments - FOR SALE
1/3
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56 S Forster Park Dr
Oakville, ON L6K 1Y7


HIGHLIGHTS

  • Strong upside potential through rental increases on unit turnover (one vacant unit at time of sale).
  • All hydro separately metered and paid directly by tenants.
  • Owned laundry machines provide additional income.
  • Projected Year 1 NOI of $170,877, with further income growth potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

15

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1954

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,987 SF

ZONING

RM4

APN/PARCEL ID

240103008008300

ASK ABOUT THIS PROPERTY

Chris LuxtonColliersMore Info
416-492-2000

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Chris LuxtonColliersMore Info
416-492-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.