6 Plex Investment Property In Oshawa For Sale – Episode #278
I’m excited about this one! There is some good potential here to create a lot more value. See below for all the details…
This is an Off-Market Opportunity. In a market that is completely crazy with bidding wars and very low housing supply, having first access to an investment property is like a breath of fresh air.
Address: 1070 Ravine Rd, Oshawa
Lot size: 75 feet x 321 feet (0.75 acres) – irregular lot size
Legal Status: 6 plex
Fire Retrofit Status: inspected annually
Asking price: $1,850,000
Parking: 9 spots
2 Sheds with hydro
Laundry: Coin Laundry that provides approximately $2000/year
Rents are well below market value
Huge rental increase potential
2 out of the 6 units have been renovated recently
- Initiate turnover and bring rents to market value.
- You can renovate the units and increase the rents even more.
- There is potential to build another building at the back of the lot (Buyer must do their own due diligence). There have been 2 other properties in the area that have done severances which can be analyzed further (including the property behind 1070 Ravine Rd).
Here is the Website with the virtual tour, floor plans, and additional pictures: https://www.winsold.com/tour/125389/branded/10481
Please contact me for the Financials.
I can send you links to several comparable sales in the area within the last 6 months…please contact me.
If you or anyone that you know might be interested, please let me know. I’d be happy to discuss the opportunity further.