21 Bathroom
30,602 ft2
None
Hot Water Radiator Heat
$4,750,000
Rare opportunity to acquire a 21-unit multi-residential investment property in Oshawacomprising three walk-up apartment buildings at 164 & 172 Westmount St and 399 Elmgrove Ave onan assembled approx. 0.70-acre site adjoining Oshawa Centre and Radio Park.The portfolio includes 18 two-bedroom units, 2 junior one-bedroom units and 1 bachelor, with 30surface parking spaces. Current residential rents total approximately $365,400/year, withapproximately $56,600/year of identified rental income potential as below-market units turnover.All 21 units are separately metered for electricity. 12 units are also separately metered forwater, with additional units capable of conversion on turnover. Major capital improvementsinclude sewer line replacements across all three buildings, roof replacements/improvements,boiler upgrades, remote-viewing security cameras and cashless laundry.Excellent rental location with bus service at the property, approximately two minutes toHighway 401, adjacent to Radio Park and directly adjoining Oshawa Centre.Property may be available through an asset or share purchase structure, subject to buyer legal,tax and lender review. (id:50976)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
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MLS® Number
|
E13713090 |
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Property Type
|
Multi-family |
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Community Name
|
Vanier |
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Parking Space Total
|
30 |
Building
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Bathroom Total
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21 |
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Cooling Type
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None |
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Heating Fuel
|
Natural Gas |
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Heating Type
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Hot Water Radiator Heat |
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Size Interior
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30,602 Ft2 |
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Type
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Multi-family |
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Utility Water
|
Municipal Water |
Land
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Acreage
|
No |
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Size Depth
|
280 Ft ,3 In |
|
Size Frontage
|
109 Ft |
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Size Irregular
|
109.03 X 280.28 Ft |
|
Size Total Text
|
109.03 X 280.28 Ft |
|
Zoning Description
|
R4-a/r6-c |
https://www.realtor.ca/real-estate/30198249/172-westmount-street-oshawa-vanier-vanier
