56 South Forster Park Drive
Oakville, L6K 1Y7
FOR SALE
$4,450,000

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Investment
CATEGORY100
OFFICE/APT AREAW13002336
MLSIDContact Us
Property Description
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.
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Property Details
Address
56 South Forster Park Drive
Community
City
Postal Code
L6K 1Y7
Property Type
Investment, Investment
Days On Market
16
Use
Apartment
Zoning
RM4 - Residential Medium Density Zone
Lot Size
115' x 148'
Office Area
100
Taxes
$18,483 (2026
Heat Type
Water Radiators
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Colliers
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