Overview
- Updated On:
- September 30, 2023
- 6 Bedrooms
- 6 Bathrooms
- 3,646 ft2
Description
Interesting 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 in one building are currently leased for a monthly income of $8,550. The fifth unit, a renovated detached bungalow would get $3,500-$4,000. 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.
- Principal and Interest
- Property Tax
- HOA fee
