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172 WESTMOUNT STREET, Oshawa (Vanier) — listed at $4,750,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare opportunity to acquire a 21-unit multi-residential investment property in Oshawacomprising three walk-up apartment buildings at 164 & 172 Westmount St and 399 Elmgrove Ave onan assembled approx. 0.70-acre site adjoining Oshawa Centre and Radio Park.The portfolio includes 18 two-bedroom units, 2 junior one-bedroom units and 1 bachelor, with 30surface parking spaces. Current residential rents total approximately $365,400/year, withapproximately $56,600/year of identified rental income potential as below-market units turnover.All 21 units are separately metered for electricity. 12 units are also separately metered forwater, with additional units capable of conversion on turnover. Major capital improvementsinclude sewer line replacements across all three buildings, roof replacements/improvements,boiler upgrades, remote-viewing security cameras and cashless laundry.Excellent rental location with bus service at the property, approximately two minutes toHighway 401, adjacent to Radio Park and directly adjoining Oshawa Centre.Property may be available through an asset or share purchase structure, subject to buyer legal,tax and lender review. (id:60164)
Who is 172 WESTMOUNT STREET best suited for?+
With null bedrooms and 21 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What's the parking situation?+
This property includes 30 spaces.
How is the home heated? Is it efficient?+
Heating is hot water radiator heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $51,707, heating is hot water radiator heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $4,750,000, standout features include 30602 sq ft, 21 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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