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1 day on Market

388 Wolfe St, Oshawa, Ontario L1H 3V1

Detached
3 + 2
2
- sqft
$795,000
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Detached
3 + 2
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,414/mo

Tax Amount (2024)$4,023/yr

Days On Market1 day


Description

Legal two-unit raised bungalow - ideal for investment or multi-generational living! The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity!


Property Details

StyleBungalow-Raised
View-
Age of property-
SqFt-
Lot Size7,043 SqFt(140.72 x 50.05)
Parking Spaces7
MLS ®NumberE12052816
Community NameLakeview
Data SourceTRREB
Listing bySUTTON GROUP-HERITAGE REALTY INC.

Features

Heating: Forced Air
Central Vacuum
Cooling: Central Air
Basement: Apartment, Sep Entrance

Main Floor

Foyer

1.78 x 1.14

Vinyl Floor

Kitchen

4.76 x 2.38

Vinyl Floor / Side Door / Window

Living

5.09 x 3.51

Broadloom / Large Window

Primary

2.97 x 2.44

Laminate / W/O To Yard / B/I Closet


Features

Lot size: 7,043 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property History

Apr 1, 2025
ListedActive
$795,000
1 day on market
history photo preview43
Listing by trreb®
Property listed by SUTTON GROUP-HERITAGE REALTY INC., Brokerage

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Market Data - Lakeview

Geo Zone Map ThumbnailLakeview

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

10 days

Compared to

2024

16 days

2023

10 days

2022

5 days

New Listings

Past 30 days

22 listings

Compared to

2024

17 listings

2023

16 listings

2022

25 listings

Units sold

Past 30 days

8 units

Compared to

2024

9 units

2023

9 units

2022

14 units

Median Sold Price

Past 30 days

$677,500

Compared to

2024

$750,000

2023

$750,888

2022

$950,500


Population and Demographics

Overview

Total population 15017
Average household income $87,728

Age (%)

0 to 19
24%
20 to 34
23%
50 to 64
21%
35 to 49
19%
65 and plus
13%

Household composition (%)

Single family
61%
Single person
30%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
90%
Others
4%
French
2%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
51%
Renters
49%

Schools and amenities

Estimated Budget