56 South Forster Park Drive, Oakville — For Sale in Oakville
0 bed · 0 bath · Investment for sale in Oakville.
56 South Forster Park Drive, Oakville, ON L6K 1Y7
About This Property
Now for sale at 56 South Forster Park Drive in Oakville: a 0-bedroom, 0-bathroom investment listed at $4,450,000.
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 Specifications
| MLS® Number | W13002336 |
|---|---|
| Status | For Sale |
| List Price | $4,450,000 |
| Property Type | Commercial |
| Sub Type | Investment |
| Transaction Type | For Sale |
| Bedrooms | 0 |
| Bathrooms | 0 |
| Living Area | 17424 sq ft |
| Address | 56 South Forster Park Drive, Oakville, ON L6K 1Y7 |
| City | Oakville |
| Postal Code | L6K 1Y7 |
Listing Contracted With: COLLIERS
