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$4,495,000
Available - For Sale
Listing ID: W13756534
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.**Fully Rented**
Price $4,495,000
Taxes: $23,327
Tax Type: Annual
Occupancy by: Tenant
Address: 183 Maurice Drive , Oakville, L6K 2W8, Halton
Postal Code: L6K 2W8
Province/State: Halton
Legal Description: Plan 195 Pt Lot 4 RP 20R18494 Parts 9 an
Directions/Cross Streets: Rebecca and Dorval
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  0
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 10,753.14
Total Area Code:  Square Feet
Business/Building Name: 12 Suite Apartment Building
Financial Statement: T
 Management Expense: 5000
Maintenance: 0
Vacancy Allowance: 5000
Net Income Before Debt: $215815
Expenses Actual/Estimated: $Act
Rail: N
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Storm
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RE/MAX PRIME PROPERTIES - UNIQUE GROUP

183 Maurice Drive , Oakville, L6K 2W8, Halton

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Maria Tompson
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Type: Com - Investment
Area: Halton
Municipality: Oakville
Neighbourhood: 1002 - CO Central
Style:
Lot Size: x 90.29(Feet)
Approximate Age:
Tax: $23,327
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Re/Max Example Inc, Brokerage
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support@bestforagents.com

 

 

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