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$2,000,000
Available - For Sale
Listing ID: E12113370
72 Westmount Street in Oshawa presents a compelling investment opportunity as a fully tenanted 9-plex, ideally located adjacent to the Oshawa Shopping Centre. The property comprises eight two-bedroom units and one bachelor unit. All units are individually metered for hydro-except for Unit 9 (the bachelor unit)-allowing most tenants to pay their own hydro and thereby reducing operating costs for ownership. In addition, two of the units pay for their own heating, further helping to offset utility expenses. The building also features a dedicated storage room that generates additional rental income. Over $200,000 has been invested in capital improvements, including a new roof in 2022, an upgraded electrical panel in 2018, a repaved and expanded parking lot in 2017 to accommodate nine vehicles, and the installation of a backflow valve system in 2021 to enhance plumbing efficiency. A coin-operated washer and dryer offers added convenience to tenants and contributes further income. With easy access to public transit and an abundance of nearby amenities, this turnkey asset is well-positioned for continued stable performance and long-term value growth.
Price $2,000,000
Taxes: $21,283.29
Tax Type: Annual
Occupancy by: Tenant
Address: 72 Westmount Street , Oshawa, L1J 4X3, Durham
Postal Code: L1J 4X3
Province/State: Durham
Legal Description: LT 101 PL 178 EAST WHITBY; LT 102 PL 178
Directions/Cross Streets: King St W / Westmount St
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
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: .22
Total Area Code:  Acres
Maintenance: 0
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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COLLIERS

72 Westmount Street , Oshawa, L1J 4X3, Durham

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Maria Tompson
Sales Representative
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416-548-7854
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At a Glance:
Type: Com - Investment
Area: Durham
Municipality: Oshawa
Neighbourhood: Vanier
Style:
Lot Size: x 113.79(Feet)
Approximate Age:
Tax: $21,283.29
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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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
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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