$4,695,000
Available - For Sale
Listing ID: W13756534
183 Maurice Drive , Oakville, L6K 2W8, Halton
| 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, Ontario. 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 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. |
| Price | $4,695,000 |
| Taxes: | $23327.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 183 Maurice Drive , Oakville, L6K 2W8, Halton |
| Postal Code: | L6K 2W8 |
| Province/State: | Halton |
| Legal Description: | Plan 195 Pt Lot 4 RP 20R18494 Parts 9 an |
| Directions/Cross Streets: | Rebecca and Dorval |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 10753.14 |
| Total Area Code: | Square Feet |
| Business/Building Name: | 12 Suite Apartment Building |
| Financial Statement: | T |
| Management Expense: | 5000 |
| Vacancy Allowance: | 5000 |
| Net Income Before Debt: | $2149 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Storm |
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| RE/MAX PRIME PROPERTIES - UNIQUE GROUP |
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Maria Tompson
Sales Representative
Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Halton |
| Municipality: | Oakville |
| Neighbourhood: | 1002 - CO Central |
| Tax: | $23,327 |
| Fireplace: | N |
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