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Listed 2 months ago

1182 Linbrook Road

1011 - MO Morrison, Oakville

$3,499,999

Detached|2-Storey
6 | 6 | 6
About this home

An Exceptional Investment And Future Development Opportunity In One Of Southeast Oakville's Most Coveted Neighbourhoods. Situated On An Expansive 15,000 Sq Ft Lot, This Rare Five-Unit Residential Property Offers Strong Immediate Income With Five Units Currently Tenanted. NOI Is $116,898. Extensively Updated Throughout, The Property Features Renovated Suites, All New Windows, Fresh Paint Throughout, New Exterior Stucco Completed In 2026, Five Fully Equipped Kitchens, Two Laundry Facilities, Split-System Heating And Cooling, Window Coverings, And Updated Light Fixtures. Beyond Its Impressive Cash Flow, The Property Presents A Unique Land Banking Opportunity On A Premium Lot Ideally Suited For A Future Luxury Custom Residence. Located Within Walking Distance To Highly Regarded Schools In The Prestigious Morrison Area And Surrounded By Some Of Oakville's Finest Custom Homes, This Property Offers The Rare Combination Of Immediate Revenue, Long-Term Appreciation Potential, And Future Redevelopment Possibilities In A Location Where Large Building Lots Continue To Grow In Demand And Scarcity.

Extras

No extras listed.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$12,501
Lot Size80.03 ft x 190.24 ft
mls© NumberW13241638
Listed ByREVEL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$17,915
Property tax
$1,042
Heat allowance
$150
Housing costs
$19,106 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $700,000
25-yr amortization

Income needed

$588,000

gross annual household income

Payment at 4%
$14,729 / mo
Cash down
$700,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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Comparable sales

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