179 days on Market

381 Simcoe St, Oshawa, Ontario L1H 4J2

$1,299,000
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Townhouse
8 + 2
6
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,579/mo

Tax Amount (2024)$8,404/yr

Days On Market179 days


Description

Incredible Investment Opportunity in the Heart of Oshawa! Seize the chance to own a fully rented 6-unit investment property perfectly situated in the vibrant core of Oshawa. This exceptional building comprises four spacious 2-bedroom units and two comfortable 1-bedroom units, already delivering a solid return on investment. Additionally, there's untapped potential to further increase your income by renting out the two large, detached garages at the back and utilizing the two substantial advertising spots on the front upper level of the building. This property boasts a prime location with easy access to Highway 401, public transit, and various amenities, making it an ideal choice for tenants seeking convenience and connectivity. Tenants will appreciate the close proximity to shopping, dining, parks, and schools, ensuring they have everything they need right at their doorstep. Recent upgrades ensure that this property is in excellent condition and ready for new ownership. Significant repairs include a new roof, a sturdy fence, and updated railings, enhancing the building's safety and aesthetic appeal. Apartment 6 has been particularly well-maintained, featuring a new stove, refrigerator, and ceiling, providing modern comforts that will attract and retain tenants. Additional Highlights: Fully Rented: Enjoy secure and steady rental income from day one! Extra Income Potential: Maximize your returns by renting out the detached garages and utilizing the advertising spots! Prime Location: Conveniently located near major highways, public transit, and all essential amenities! Recent Upgrades: New roof, fence, and railing, along with updated appliances in Apartment 6! Don't miss out on this fantastic opportunity to enhance your investment portfolio with a property that combines location, convenience, and potential for increased revenue. Contact us today to learn more and schedule a viewing! Do Not Disturb Tenants! Please respect the privacy of the current tenants!


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size4,410 SqFt(140 x 31.5)
Parking Spaces6
MLS ®NumberE8388414
Community NameCentral Oshawa
Data SourceTRREB

Features

Heating: Water
Basement: Apartment

Features

Lot size: 4,410 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 4

Total parking spaces 6


Property History

Now
ListedFor Salefor$1,299,000Active
179 days on market
Listing by trreb®
history photo preview25
May 27, 2024
ListedFor Salefor$1,375,000Terminated
Stayed 190 days on market
Listing by trreb®
history photo preview29
Nov 14, 2023
ListedFor Salefor$1,395,000Expired
Stayed 183 days on market
Listing by trreb®
history photo preview29
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Property listed by BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY, Brokerage

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Market DataFor the past 30 days in Central Oshawa

Median Selling Price

$610,000

35.11% less than GTA:

$940,000

Median Bidding

Underbidding - Trending to buyer market

-$9,000

GTA median: -$13,000

Median Number of Sales

6 sales

654 sales less than GTA:

660 sales

Median Number of Days on Market

31 days

8 days more than GTA:

23 days

Want more insights?Visit the Market Pulse


Schools and amenities

Estimated Budget