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    For Sale - 172 Westmount Street, Oshawa, Ontario

    Est payment $22,809/mo
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    Views   2
    Time on Jump  26 day

    AI Summary *

    • 21-unit multi-residential property with three walk-up buildings in Oshawa.
    • Includes 18 two-bedroom units and potential for rental income growth.
    • All units separately metered for electricity and many for water.
    • Recent improvements to roofing, sewer lines, and security features.
    • Convenient location near public transit and major shopping center.




    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.
    Listing IDE13713090
    Address172 Westmount Street
    CityOshawa, Ontario
    Price$4,750,000
    Bath21 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot WaterSewer Sanitary+Storm

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    Listing Agency:  CENTURY 21 ATRIA REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    172 Westmount Street
    Oshawa , Ontario
    21 $4,750,000
    Get more info