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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 (150W x 90D x 40D), 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-BedroomZoned 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.
Fridge, Range Hood, Dishwasher, Washer, Dryer, Smoke Detector, Garage Door Opener, Window Coverings.
City: Oakville
Neighborhood: Queen Elizabeth
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
May 8, 2024 | 48 | $1,975 | N/A | Terminated | W8317114 |
Feb 2, 2024 | 12 | $2,200 | $2,400 | Leased | W8042100 |
Oct 18, 2023 | 43 | $1,975 | N/A | Terminated | W7232882 |
Aug 20, 2021 | 92 | $2,990,000 | N/A | Expired | W5346993 |
Feb 13, 2021 | N/A | $3,400,000 | N/A | Sold | W5114423 |
Feb 12, 2021 | 108 | $3,400,000 | N/A | Expired | W5114401 |
Jul 3, 2018 | 64 | $705,000 | $625,000 | Sold | W4180524 |
Sep 13, 2004 | 25 | $389,000 | $340,000 | Sold | W534446 |
Apr 13, 2004 | 109 | $439,000 | N/A | Expired | W438101 |
Jan 6, 2003 | 71 | $410,000 | $398,000 | Sold | W179430 |
Purchase Price | $3290000 |
Down Payment | $658000 |
Mortgage Insurance | $0 |
Total Mortgage | $2632000 |
Mortgage Payment | $16219 |
Property Taxes | $542 |
Maintenance Fees | $0 |
Monthly Payment | $16761 |
Located at 564 Lyons Lane , this Oakville house is available for sale. This property was listed for $3,290,000 on Fri Aug 29 2025. This house's size is 3500-5000 Sqft. It has 6 bedrooms and 6 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 10 parking spots. 564 Lyons Lane, Oakville is situated in the Queen Elizabeth neighbourhood.
MLS#: W12370151 · $3,290,000 · 6 bedroom house in Queen Elizabeth, Oakville