172 Westmount Street
Oshawa, ON
- 21 bath
- 30,602 sqft
- Investment
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.
Listing Details
- Taxes (2025)
- $51,707
- Originally Listed
- $4,750,000
- Listed
- August 25, 2026
Price History
Property
- Lot Size
- 109.03 x 280.28 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Westmount St / Elmgrove Ave
- Zoning
- R4-A/R6-C
- Parcel Number
- 163570028
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Exclusions
- Tenants' personal property and any items owned by service providers or contractors, if any.
- Rental Items
- Service contracts may include superintendent, garbage collection, snow/lawn maintenance, WiFiand other operating services. Buyer to review contracts and assume only if agreed.
Community
Postal area L1J
- Population
- 43,107
- Private dwellings
- 17,776
- Median age
- 40.4
- Average household size
- 2.5
- Median household income
- $78,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Oshawa · last 12 months
- Median sold price
- $670,000
- Homes sold
- 1,846
- Median days on market
- 19
- Sale-to-list price
- 99.5%
Based on 1,846 recorded sales of commercial properties in Oshawa over the last 12 months.
Listed by
CENTURY 21 ATRIA REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 30,602 sq ft
- Price per sq ft
- $149.99
- Annual property tax
- $51,707
- Tax per sq ft
- $1.69
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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