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Overview:
40 Residential Suites
Unbelievable rental upside
Current average rents have a lift of over $800 on average, when comparing in place average rents to recently rented suites at the building. Total turn yields upside over $400,000 to the NOI and value upside at CMHC’s current 4.5% cap rate valuation of over $8,000,000!
Lucrative, Attractive and Ready To Go
This opportunity offers a safe investment in an A-Class rental market, with tremendous upside and surrounded by all the amenities that make for a highly desirable home for tenants, most of which are within walking distance. Several reports are available including recent BCA and clean environmental reports. Attractive vendor assisted financing available!
Ability to add additional units
In addition to the lucrative upside described above, property carries the ability to add 6 additional bachelor suites which would add close to an additional $120,000 gross revenue!
Prime Rental Market
Oshawa was recently noted as Canada’s fastest growing city with an annual growth rate of approximately 10,000 residents. Population is expected to reach over 200,000 within the next 1-2 years. Oshawa’s proximity to the GTA and its expanding infrastructure, including GO Train enhancements and Highway 407/412 expansions, make it very commuter friendly. 30% of residents are renters providing a robust tenant base.
Oshawa - Oshawa, ON
