183 Maurice Drive, Oakville, Ontario, Canada, L6K2W8

4,695,000
for Sale

About the property:

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. 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 many 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.

Extra info:

12 Fridges, 12 Stoves, Dishwasher, Coin Operated Washer and Dryer
Investment false
Property Type:
Investment
Status:
for Sale
Land Size:
118.5 x 90.29 FT
Business Type:
Apts - 6 To 12 Units
Heating Type:
Gas Hot Water
Cross Street:
Rebecca and Dorval
Annual Property Taxes:
23,327
Listing ID:
W13756534

Rooms

Dimensions

Brokered by:
RE/MAX Prime Properties - Unique Group
Source: TRREB/PROPTX
Presented By:

Asif Khan

Broker of Record & Broker/Owner

RE/MAX PRIME PROPERTIES - UNIQUE GROUP*