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    For Sale - 56 South Forster Park Drive, Oakville, Ontario

    Est payment $21,368/mo
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    Views   2
    Time on Jump  26 day

    AI Summary *

    • Freestanding 15-unit low-rise apartment building close to downtown Oakville.
    • All units are spacious two-bedroom configurations for better rental appeal.
    • Two units currently vacant, offering immediate income potential for investors.
    • Stabilized income from laundry facilities and additional parking revenue.
    • Great upside potential through rent adjustments as tenants turnover.




    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.
    Listing IDW13002336
    Address56 South Forster Park Drive
    CityOakville, Ontario
    Price$4,450,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Water RadiatorsSewer Sanitary+Storm

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    Listing Agency:  COLLIERS

    * 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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    56 South Forster Park Drive
    Oakville , Ontario
    $4,450,000
    Get more info