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.
Full Property Details
General
Business Type
Apts - Over 20 Units
Total Area
30602.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - Over 20 Units
Total Area
30602.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
21
Heating Fuel
Gas Hot Water
Air Conditioning
No
Washrooms
21
Heating Fuel
Gas Hot Water
Air Conditioning
No
Exterior
Depth
280.28
Front
109.03
Lot Size
109 x 280.28 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
R4-A/R6-C
Depth
280.28
Front
109.03
Lot Size
109 x 280.28 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
R4-A/R6-C
Building Description
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary+Storm
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary+Storm
Water Supply
Municipal
Possession Date
No Data
Community
Community
Vanier
Community
Vanier
Taxes & Fees
Taxes
$51,707 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$51,707 /yr
Tax Year
2025
Occupancy
Tenant
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