1182 Linbrook Road Sold 7 months ago

Oakville, Eastlake, L6J 2L4

$3,295,000$000000

Description

Listed by CENTURY 21 MILLER REAL ESTATE LTD..

Rare opportunity to own a 5 unit residential property. All units have been recently renovated. On a 15,000 square foot lot which can be developed into a single luxury home in the future. Lot suits a modern build. If interested, request to see plans for a new house that were drawn. 4 units are currently leased for a monthly income of $10,450. The fifth unit would get $2,250. High monthly cash flow from a residential property in this price range. Big lots in Southeast Oakville have appreciated well as they allow for the development of larger homes. As they become more scarce, that trend is likely to continue. Given these units are recently renovated, this is an excellent land-banking opportunity. 5 kitchens worth of appliances. 2 sets of laundry equipment. Split systems for heating/cooling. Window coverings and electric light fixtures. Walk to schools in Morrison.

Location

View Map
  • Address: 1182 Linbrook Road
  • Neighborhood: Eastlake
  • City: Oakville
  • State: Ontario
  • Postal Code: L6J 2L4

Property Details

  • Property ID: W8166604
  • Property Price: $3,295,000
  • Style: Detached, 2-Storey
  • Rooms: 22+1
  • Bedrooms: 6
  • Bath: 6
  • Parking Spaces: 6
  • A/C: Other
  • Basement: Part Bsmt
  • Den: N
  • Exterior: Stucco/Plaster
  • Heating: Heat Pump
  • Fireplace: N
  • Taxes: $11,563.00 (2024)
  • Acreage: < .50 Acres
  • Lot: 190.24x80.03 (Feet) - 80.03' x 190.39' x 80.18' x 190.24'

Room details and dimensions

Statistics for similar Detached homes in Eastlake

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in Eastlake

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in Eastlake

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100