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$ 1,485,000
Est. payment /mo
New
117 Cromwell AVE #1-6 Oshawa (vanier), ON L1J4T5
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Vanier
MLS® Listing ID E12178464
Source Central Lakes Association of REALTORS®
Property Description
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 multiresidential 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. One 2-Bedroom unit currently vacant. Vendor Take Back Mortgage may be available to the right buyer. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Others
Virtual Tour https://tour.nichasson.ca/order/08c4bb97-f252-4258-0456-08dd9469710b?branding=false
Listed by KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE