About Property

72 Westmount Street in Oshawa presents a compelling investment opportunity as a fully tenanted 9-plex, ideally located adjacent to the Oshawa Shopping Centre. The property comprises eight two-bedroom units and one bachelor unit. All units are individually metered for hydro-except for Unit 9 (the bachelor unit)-allowing most tenants to pay their own hydro and thereby reducing operating costs for ownership. In addition, two of the units pay for their own heating, further helping to offset utility expenses. The building also features a dedicated storage room that generates additional rental income. Over $200,000 has been invested in capital improvements, including a new roof in 2022, an upgraded electrical panel in 2018, a repaved and expanded parking lot in 2017 to accommodate nine vehicles, and the installation of a backflow valve system in 2021 to enhance plumbing efficiency. A coin-operated washer and dryer offers added convenience to tenants and contributes further income. With easy access to public transit and an abundance of nearby amenities, this turnkey asset is well-positioned for continued stable performance and long-term value growth.

Features