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183 Maurice Drive
1002 - CO Central Oakville L6K 2W8

$4,695,000 /For Sale
Commercial

Main Photo: 183 Maurice Drive in Oakville: 1002 - CO Central Commercial for sale : MLS®# W13756534
Photo 1: 183 Maurice Drive in Oakville: 1002 - CO Central Commercial for sale : MLS®# W13756534
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13756534
Bus Major:
Apts - 6 To 12 Units
183 Maurice Drive, Oakville. 12-Suite Apartment Building. Exceptional Oakville Multi-Residential Investment Opportunity. Well-maintained and extensively renovated 12-suite apartment building situated on a large 118.5' x 90.29' lot in Oakville, Ontario. The property offers an attractive combination of renovated suites, strong in-place income, ample parking and significant recent capital improvements. Property Highlights: *12 Residential Suites *6 x Two-Bedroom Suites *6 x One-Bedroom Suites *Approximately $215,000 Net Income *16 Surface Parking Spaces * Comprehensive Renovations and Upgrades Throughout *Numerous custom kitchens featuring quartz countertops and stainless-steel appliances *Numerous Modernized bathrooms *3/4-inch solid oak hardwood flooring in living areas and bedrooms *Extensive Suite and Building-System Improvements - providing a substantially upgraded asset with reduced anticipated near-term maintenance and capital-expenditure requirements * High-Efficiency Viessmann Boiler - 2024 * Large 118.5' x 90.29' Lot * Recent Phase One and Phase Two Environmental Reports Available. Investment Highlights: This property presents an excellent opportunity to acquire a substantially upgraded multi-residential asset in the established Oakville market. The suites and major building systems have been extensively updated, providing a turnkey investment with significantly reduced anticipated maintenance requirements for the foreseeable future. Combined with efficient building systems, generous parking, a large lot and strong in-place income, the property provides a strong foundation for long-term ownership and continued income growth.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
10753 sq. ft. Square Feet
Total Area:
10,753.14 sq. ft.
Lot Depth:
90'3½"
Lot Frontage:
118'6"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
Residential
Heating type:
Gas Hot Water
Garage:
Outside/Surface
Parking Spaces:
16
Possession Details:
60 Days / TBA
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$23,327 / 2026
Assessment:
$- / -
Halton
Oakville
1002 - CO Central
12 Fridges, 12 Stoves, Dishwasher, Coin Operated Washer and Dryer
None
No
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Storm
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$271,992
Net Income Before Debt:
$2,149
Expenses Actual/Estimated:
Actual
Heating Expenses:
$5,150
Hydro Expenses:
$7,340
Insurance Expenses:
$6,260
Management Expenses:
$5,000
Tax Expenses:
$23,327
Operating Expenses:
$52,077
Year Expenses:
2025
Maintenace Expenses:
$5,000
Vacancy Allowance:
5000
Property Management Company:
Self Managed
Business/Building Name:
12 Suite Apartment Building
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Sep 08, 2026
Original Price:
Previous Price:
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Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Data was last updated September 9, 2026 at 04:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.