Turnkey 6-Plex in Prime Location. 6 Apartment Units with Below-Market Rents & Upside Potential An outstanding opportunity to acquire a fully turnkey 6-unit multi-plex offering below-market rents, strong fundamentals, and value-add potential. This all brick building features five (5) 2-bedroom, 1-bath units and one (1) 1 Bedroom , 1 bath additional Bachelor unit, all located in a highly desirable rental area just minutes from Highway 401, public transit, parks, and the Oshawa Centre. Whether you're an experienced investor looking to expand your portfolio or entering the multi residential space for the first time, this property checks all the boxes: recent upgrades, low-maintenance operations, stable tenant base, and attractive below-market rents that provide immediate room for income growth. The low vacancy rate and excellent location contribute to reliable long-term cash flow. An on-site coin-operated laundry room adds supplemental monthly income, and eight surface parking spaces increase overall tenant appeal. With updated units and minimal ongoing capital expense, this property offers an ideal blend of financial stability and growth opportunity. Vendor Take Back Mortgage may be available to the right buyer.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
0 sq. ft. Square Feet
Total Area:
0 sq. ft.0 m2
Depth:
115'35.1 m
Frontage:
80'24.4 m
Water supply:
Municipal
Zoning:
R3-A/R5-A
Heating type:
Gas Forced Air Open
Garage:
None
Parking Spaces:
8
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$10,251 /
2024
Assessment:
$- /
-
Oshawa
Vanier
Durham
Major Highway, Public Transit
1 Hot Water Tank is a rental
All existing appliances, light fixtures, 5 Hot Water Tanks, 1 Washer, 1 Dryer
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