183 MAURICE DRIVE, Oakville (CO Central)

$4,695,000

For sale: Multiplex

Multiplex at 183 MAURICE DRIVE, Oakville (CO Central)
Property type
Investment
MLS®
MLS® W13756534
Neighbourhood
1002 - CO Central

183 Maurice Drive, Oakville. 12-Suite Apartment Building. Exceptional Oakville Multi-Residential Investment Opportunity. Well-maintained and extensively renovated 12-suite apartment building situated on a large 118.5' x 90.29' lot in Oakville. The property offers an attractive combination of renovated suites, strong in-place income, ample parking and significant recent capital improvements. Property Highlights: *12 Residential Suites *6 x Two-Bedroom Suites *6 x One-Bedroom Suites *Approximately $215,000 Net Income *16 Surface Parking Spaces * Comprehensive Renovations and Upgrades Throughout *Numerous custom kitchens featuring quartz countertops and stainless-steel appliances *Numerous Modernized bathrooms *3/4-inch solid oak hardwood flooring in many living areas and bedrooms *Extensive Suite and Building-System Improvements - providing a substantially upgraded asset with reduced anticipated near-term maintenance and capital-expenditure requirements * High-Efficiency Viessmann Boiler - 2024 * Large 118.5' x 90.29' Lot * Recent Phase One and Phase Two Environmental Reports Available. Investment Highlights: This property presents an excellent opportunity to acquire a substantially upgraded multi-residential asset in the established Oakville market. The suites and major building systems have been extensively updated, providing a turnkey investment with significantly reduced anticipated maintenance requirements for the foreseeable future. Combined with efficient building systems, generous parking, a large lot and strong in-place income, the property provides a strong foundation for long-term ownership and continued income growth.

Sold data

Homes in Oakville (CO Central) — recent sold market

Homes in Oakville (CO Central) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 50, across 666 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $1,262,495.

Homes sold for about 3.7% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$1,262,495
Sale-to-list ratio
96.3%
Sold above asking
10%

Based on 666 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Oakville (CO Central)

Oakville (CO Central) has 56 Fraser Institute–rated schools (45 elementary and 11 secondary), averaging 7.8/10.

Rated schools
56
Elementary
45
Secondary
11
Average rating
7.8 / 10

Top-rated schools in Oakville (CO Central)

  • Alfajrul Bassem — elementary, OakvilleFraser rating 10.0/10
  • Forest Trail — elementary, OakvilleFraser rating 10.0/10
  • Pilgrim Wood — elementary, OakvilleFraser rating 9.7/10
  • E J James — elementary, OakvilleFraser rating 9.6/10
  • New Central — elementary, OakvilleFraser rating 9.6/10
  • du Chêne — elementary, OakvilleFraser rating 9.4/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 183 MAURICE DRIVE