For sale172 Westmount Street, Oshawa, ON L1J 4X4
Oshawa, ON L1J 4X4
About this property
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.
Property facts & features
- Days on market
- Not reported
- Property type
- Investment
- MLS® number
- E13713090
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- 21
- Reported interior area
- 30602
- Neighbourhood
- Not provided
- Postal code
- L1J 4X4
- Garage
- Outside/Surface
- Lot depth (source units)
- 280.28
- Annual property tax
- 51707
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 67 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Price Change · $4,590,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Oshawa →Listing brokerage: CENTURY 21 ATRIA REALTY INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® E13713090. Information deemed reliable but not guaranteed.