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$ 4,450,000
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56 South Forster Park DR Oakville, ON L6K 1Y7
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 1002 - Co Central
MLS Listing ID W13002336
Annual Tax Amount $18,483
Tax Year 2026
Property Sub-Type Investment
Property 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.
Location
Province ON
County Halton
Area Halton
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 114.91
Lot Depth 147.83
Others
Security Features Yes
ParcelsYN No
Listed by COLLIERS