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$ 4,750,000
Est. payment | /mo
21 Baths
30,602 SqFt
$ 4,750,000
Est. payment | /mo
21 Baths
30,602 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 30,602 sqft
Price per Sqft $155
Subdivision Vanier
MLS Listing ID E13713090
Annual Tax Amount $51,707
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Durham
Area Durham
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 109.03
Lot Depth 280.28
Others
Security Features No
ParcelsYN No
Listed by CENTURY 21 ATRIA REALTY INC.
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