$4,750,000
Available - For Sale
Listing ID: E13713090
172 Westmount Street , Oshawa, L1J 4X4, Durham
| 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. |
| Price | $4,750,000 |
| Taxes: | $51707.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 172 Westmount Street , Oshawa, L1J 4X4, Durham |
| Postal Code: | L1J 4X4 |
| Province/State: | Durham |
| Legal Description: | LT 382 PL 178 EAST WHITBY; LT 383 PL 178 |
| Directions/Cross Streets: | Westmount St / Elmgrove Ave |
| 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 - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 30602.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Water Expense: | $6765 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 21 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| CENTURY 21 ATRIA REALTY INC. |
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Dir:
416-888-0505
Bus:
1-888-884-0105
Fax:
1-888-884-0106
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At a Glance:
| Type: | Com - Investment |
| Area: | Durham |
| Municipality: | Oshawa |
| Neighbourhood: | Vanier |
| Tax: | $51,707 |
| Baths: | 21 |
| Fireplace: | N |
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