31
117 Cromwell Avenue, #1-6
$1,485,000 Sale
Listed 11 days ago
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· 8
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Listing History
Buy/Sell/Terminated/Expired listing history for 117 Cromwell Avenue, #1-6
Key Facts
Key facts for 117 Cromwell Avenue, #1-6
Property Type
Commercial
Parking
None , 8 parking
MLS #
E12178464
Size
-
Basement
-
Listed on
2025-05-28
Lot size
80 x 115.0
Tax
$10,251 /yr
Days on Market
12
Approximate Age
-
Maintenance Fee
-
Description
Turnkey 6-Plex in Prime Location. 6 Apartment Units with Below-Market Rents & Upside Potential An outstanding opportunity to acquire a fully turnkey 6-unit multi-plex offering below-market rents, strong fundamentals, and value-add potential. This all brick building features five (5) 2-bedroom, 1-bat...h units and one (1) 1 Bedroom , 1 bath additional Bachelor unit, all located in a highly desirable rental area just minutes from Highway 401, public transit, parks, and the Oshawa Centre. Whether you're an experienced investor looking to expand your portfolio or entering the multiresidential space for the first time, this property checks all the boxes: recent upgrades, low-maintenance operations, stable tenant base, and attractive below-market rents that provide immediate room for income growth. The low vacancy rate and excellent location contribute to reliable long-term cash flow. An on-site coin-operated laundry room adds supplemental monthly income, and eight surface parking spaces increase overall tenant appeal. With updated units and minimal ongoing capital expense, this property offers an ideal blend of financial stability and growth opportunity. One 2-Bedroom unit currently vacant. Vendor Take Back Mortgage may be available to the right buyer.
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Courtesy of: KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE