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169 Maurice Dr 11 Unit Apartment Building $2,522,612 USD ($229,328 USD/Unit) 4.17% Cap Rate Oakville, ON L6K 2X5
Investment Highlights
- Convenient access to the QEW, Highway 403, and Highway 407, providing efficient regional connectivity.
- Surrounded by a mix of industrial and commercial users, supporting long-term market stability.
- Close proximity to downtown Oakville and Lake Ontario, offering strong amenity support and employee appeal.
Executive Summary
This well-maintained 11-unit apartment building presents a prime investment opportunity, featuring a balanced mix of 7 two-bedroom units and 4 one-bedroom units, catering to a diverse range of tenants. The property has undergone significant upgrades, including a new roof and windows installed in 2013, ensuring long-term durability and minimizing future maintenance expenses. With a variety of unit sizes, the building offers excellent rental potential, appealing to both affordable and mid-range tenants. The properties manageable scale, coupled with recent improvements, provides a low-maintenance investment with strong cash flow prospects in a growing rental market. This is an ideal opportunity for investors seeking a stable, income-generating asset with minimal ongoing operational demands.
Property Facts
| Price | $2,522,612 USD | Apartment Style | Low-Rise |
| Price Per Unit | $229,328 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.17% | Building Size | 8,115 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Price | $2,522,612 USD |
| Price Per Unit | $229,328 USD |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,115 SF |
| No. Stories | 3 |
| Year Built | 1953 |
| Parking Ratio | 1.23/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
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Walk Score®
Very Walkable (87)
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169 Maurice Dr
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