172 WESTMOUNT STREET, Oshawa (Vanier)

$4,750,000

For sale: Multiplex

Multiplex at 172 WESTMOUNT STREET, Oshawa (Vanier)
Property type
Investment
Bedrooms / bathrooms
21 bathrooms
MLS®
MLS® E13713090
Neighbourhood
Vanier

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.

Sold data

Homes in Vanier — recent sold market

Homes in Vanier took a median of 18 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 43, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 22 days.

The median sale price was $575,000.

Homes sold for about 2.6% below asking on average, so there was room to negotiate.

About 24% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
18
Median sale price
$575,000
Sale-to-list ratio
97.4%
Sold above asking
24%

Based on 34 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Oshawa (Vanier)

Oshawa (Vanier) has 49 Fraser Institute–rated schools (42 elementary and 7 secondary), averaging 5.0/10.

Rated schools
49
Elementary
42
Secondary
7
Average rating
5.0 / 10

Top-rated schools in Oshawa (Vanier)

  • Antonine Maillet — elementary, OshawaFraser rating 9.1/10
  • Northern Dancer — elementary, OshawaFraser rating 8.2/10
  • Seneca Trail — elementary, OshawaFraser rating 8.1/10
  • Coronation — elementary, OshawaFraser rating 7.3/10
  • John XXIII — elementary, OshawaFraser rating 6.9/10
  • Maxwell Heights — secondary, OshawaFraser rating 6.9/10

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

Currently for sale

Homes for sale near 172 WESTMOUNT STREET