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SaleInvestment

183 Maurice Drive

Oakville, ON L6K 2W8

Price

$4,695,000

Building Size

10,753.14 sq ft

Lot: 10,753 sq ft

MLS# W13756534 | Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP

Business Details

Business Type

Apts - 6 To 12 Units

Property Use

Apartment

Commercial Space & Financials

Taxes (Annual)

$23,327

Net Operating Income

$215,815

Industrial Specifications

Parking

16 spaces (Outside/Surface)

Lot Size

118.5' × 90.29'

Structure

Freestanding

Property Description

183 Maurice Drive, Oakville. 12-Suite Apartment Building. Exceptional Oakville Multi-Residential Investment Opportunity. Well-maintained and extensively renovated 12-suite apartment building situated on a large 118.5' x 90.29' lot in Oakville. The property offers an attractive combination of renovated suites, strong in-place income, ample parking and significant recent capital improvements. Property Highlights: *12 Residential Suites *6 x Two-Bedroom Suites *6 x One-Bedroom Suites *Approximately $215,000 Net Income *16 Surface Parking Spaces * Comprehensive Renovations and Upgrades Throughout *Numerous custom kitchens featuring quartz countertops and stainless-steel appliances *Numerous Modernized bathrooms *3/4-inch solid oak hardwood flooring in many living areas and bedrooms *Extensive Suite and Building-System Improvements - providing a substantially upgraded asset with reduced anticipated near-term maintenance and capital-expenditure requirements * High-Efficiency Viessmann Boiler - 2024 * Large 118.5' x 90.29' Lot * Recent Phase One and Phase Two Environmental Reports Available. Investment Highlights: This property presents an excellent opportunity to acquire a substantially upgraded multi-residential asset in the established Oakville market. The suites and major building systems have been extensively updated, providing a turnkey investment with significantly reduced anticipated maintenance requirements for the foreseeable future. Combined with efficient building systems, generous parking, a large lot and strong in-place income, the property provides a strong foundation for long-term ownership and continued income growth.**Fully Rented**

Price & Status History

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Location

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183 Maurice Drive, Oakville L6K 2W8

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Listing Courtesy of: RE/MAX PRIME PROPERTIES - UNIQUE GROUP

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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