$1,929,000 - 24 Oakwood Avenue, Mississauga
Multi-Family for Sale in Mississauga
77 days on market- MLS Number
- W12939670
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 77
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
OVERSIZED-VACANT TRIPLEX FOR SALEPurpose-built triplex in one of Port Credit's most sought-after mature neighbourhoods, nestled among predominantly single-family homes. This property offers two spacious three-bedroom suites (approx. 1,522 sq. ft. each) and one oversized two-bedroom suite (approx. 1,385 sq. ft.)-a unit mix and scale seldom found in residential triplexes, making it exceptionally well-suited to both pure investors and owner/investors, and multi-generational living. The property will be delivered vacant, providing a significant advantage with the ability to reset rents at current market levels upon completion. Currently undergoing a back-to-the-studs renovation, the property offers a unique opportunity to acquire it in its present state and complete it to your own specifications, or purchase it as a fully finished product. On-site parking plus a detached garage provide flexibility for personal use or additional rental income. Unbeatable walkability with shops, cafés, and grocery stores at your doorstep, and easy access to the Port Credit GO Station for seamless downtown connectivity. A highly flexible investment in a premier, transit-connected lakeside community. The exceptional unit sizes, three-bedroom layouts, and premier Port Credit location support strong rental demand and premium market rents. The vacant possession allows for full income repositioning from day one, while the walkable urban setting and direct GO access continue to attract high-quality professional tenants seeking space, convenience, and lifestyle. Property is being offered at the asking price in its current as-is condition.
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Estimated Payment
$8,532.62/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
24 Oakwood Avenue, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $643/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 77 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.