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Queen Elizabeth Way - Industrial Zone
564 LYONS Lane
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564 LYONS Lane $2,990,000
$2,990,000
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564 LYONS Lane
Oakville, Ontario L6J2Y1

MLS® Number: 40763700
9
Bedrooms
6
Bathrooms
3700
Square Feet

Listing Description

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 (150’W x 90’D x 40’D), 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-Bedroom Zoned 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. (69553751)

Location Description

Lyons Lane/Cross Ave

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
3700 sqft
Subdivision Name
1014 - QE Queen Elizabeth
Title
Freehold
Land Size
under 1/2 acre
Built in
1929
Annual Property Taxes
$6,500
Parking Type
Detached Garage
Time on REALTOR.ca
107 days

Building

Bathrooms
Total
6
Interior Features
Appliances Included
Central Vacuum, Window Coverings, Garage door opener
Basement Type
Full (Finished)
Building Features
Features
Southern exposure, Paved driveway, Skylight
Foundation Type
Poured Concrete
Fire Protection
Unknown
Rental Equipment
Water Heater
Total Units
7
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding
Neighbourhood Features
Amenities Nearby
Marina, Park, Public Transit, Schools
Parking
Parking Type
Detached Garage
Total Parking Spaces
10

Measurements

Square Footage
3700 sqft
Above Grade Finished
3700 sqft
Source: Other

Land

Lot Features
Fencing
Fence
Frontage
150 ft
Land Depth
90 ft
Other Property Information
Access
Road access
Zoning Description
N
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Peter Markou
Broker
289-259-4923
905-825-3593
Email
Royal LePage Realty Plus Oakville, Brokerage
2347 Lakeshore Road West
Oakville, Ontario L6L1H4
905-825-7777
905-825-3593

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