56 South Forster Park Drive
Oakville, ON L6K 1Y7
About This Property
Located within a 5-minute drive from downtown Oakville, this offering includes a freestanding, 15-unit low-rise apartment building. All units are two bedroom units, with two units vacant at the time of sale. The Property benefits from stabilized income, rented laundry facilities, and additional parking revenue. The Property has a projected Year 1 Net Operating Income of $180,877 and is ideal for investors seeking significant upside potential in one of the GTA's most desirable submarkets. Significant upside potential exists through rent adjustments on tenant turnover, making this an excellent option in a supply-constrained market.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® W13002336
Listed by COLLIERS
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$21,730
/month · $3,560,000 mortgage
Amortization
Total Interest
$2,958,981
Total Cost
$6,518,981
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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COLLIERS