$4,450,000
56 S Forster Park Dr
Oakville, ON L6K 1Y7
56 S Forster Park Dr, Oakville — Listed at $4,450,000 Investment. MLS® W13002336.
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.
Property Details
Business Details
Listing Courtesy of: COLLIERS
MLS® #W13002336
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About Oakville Real Estate
This Investment is located in the 1002 - CO Central community in Oakville. Oakville is an affluent lakefront town in Halton Region known for heritage estates in Old Oakville, a thriving downtown core along Lakeshore Road, and excellent schools. The QEW provides quick access to Toronto and Hamilton, while the Oakville GO station offers 30-minute service to Union. It consistently ranks among Canada's best places to live.