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Royal LePage
Royal LePage
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$2,990,000

Oakville ON, L6J 2Y1

MLS® # W12370151

Property Information:

LOCATION, LOCATION! OAKVILLE GO! RARE LEGAL 6-PLEX EXCELLENT INCOME & FUTURE POTENTIAL! Incredible opportunity to own a fully renovated six-plex in the heart of Midtown Oakville, backing onto the tranquil 16 Mile Creek ravine with riparian rights and private staircase access to the river offering a true Muskoka feel just minutes from downtown! Situated on a premium pie-shaped lot (150W x 90D x 40D), this income-generating gem boasts a Net Income of $145K+ annually and features six self-contained units all renovated from the ground up with 6 brand new kitchens, 6 new bathrooms, granite countertops, porcelain tile, and stainless steel appliances throughout. Unit Breakdown:1 x Bachelor,1 x Studio,2 x 1-Bedroom,1 x 2-Bedroom,1 x 3-BedroomZoned Residential with legal non-conforming use as a 6-plex, offering excellent flexibility for multi-family living, rental investment, commercial use, AirBnB, work/live, or owner-occupy with income offset. Additional Features: 10-car parking, Huge backyard backing onto ravine, Steps to GO Station, Walk to Kerr Village & Downtown Oakville, Minutes to QEW, 403, 407, top-rated schools, shops, restaurants & more Prime redevelopment area with future land assembly potential in the rapidly growing Midtown Oakville corridor Whether you're an investor, end-user, or developer, this property checks all the boxes for location, income, and long-term upside. BROKERS PROTECTED. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Garage door opener, Hood Fan, Washer, Window Coverings, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 6
  • Amenities Nearby: Marina, Park, Public Transit, Schools
  • Features:
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 90.0 Feet
  • Lot Frontage: 150.0 Feet
  • Lot Size: 150 x 90 FT
  • Zoning: N
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 10

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 564 LYONS LANE, Oakville, Ontario, L6J 2Y1

Demographic Information of 564 LYONS LANE, Oakville, Ontario, L6J 2Y1

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$187,658.95

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.5 %

High school certificate or equivalent

25.47 %

Apprenticeship trade certificate/diploma

2.59 %

College/non-university certificate

14.05 %

University certificate (below bachelor)

2.02 %

University Degree

45.37 %

Commuter

Travel To Work

By Car

84.33 %

By Public Transit

8.43 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

7.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.54 %

Houses

33.46 %

Own Vs. Rent

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