Rare opportunity to own a 5 unit residential property. All units have been recently renovated. On a 15,000 square foot lot which can be developed into a single luxury home in the future. Lot suits a modern build. If interested, request to see plans for a new house that were drawn. 4 units are currently leased for a monthly income of $10,450. The fifth unit would get $2,250. High monthly cash flow from a residential property in this price range. Big lots in Southeast Oakville have appreciated well as they allow for the development of larger homes. As they become more scarce, that trend is likely to continue. Given these units are recently renovated, this is an excellent land-banking opportunity. 5 kitchens worth of appliances. 2 sets of laundry equipment. Split systems for heating/cooling. Window coverings and electric light fixtures. Walk to schools in Morrison.
Property Features
- Date Listed: Friday, March 22, 2024
- City: Oakville
- Neighborhood: Eastlake
- Major Intersection: Linbrook Rd/Morrison Rd
- Full Address: 1182 Linbrook Road, Oakville, L6J 2L4, Ontario, Canada
- Kitchen: Main
- Kitchen: Main
- Living Room: Main
- Kitchen: 2nd
- Living Room: 2nd
- Kitchen: 2nd
- Listing Brokerage: Century 21 Miller Real Estate Ltd. - Disclaimer: The information contained in this listing has not been verified by Century 21 Miller Real Estate Ltd. and should be verified by the buyer.
