1418 Simcoe Street South, Oshawa | Image 1

1418 Simcoe Street South

Oshawa, Lakeview

  • Commercial

$1,997,000
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R2/R6-B, OSP

  • Age: 6-15 years

  • Taxes: 14078.6

  • MLS®#: E10905644

  • Days on Site: 5 Days

  • Added: Nov 24, 2024 (1 week ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: ROYAL LEPAGE FRANK REAL ESTATE

Calling All Investors!! A fantastic investment opportunity. Prime Location, Low Vacancy and Amazing Cash Flow Potential. Welcome to an exceptional investment opportunity nestled in a vibrant community! A remarkable three-storey building featuring six generously sized 2-bedroom, 1-bathroom suites. Each suite boasts approx. 900 square feet of modern living space. With an open concept layout, ensuite washer/dryer, and stainless steel appliances, these residences epitomize urban living at its finest. Separately Metered. Tenants Pay Their Own Heat & Hydro. Each suite has A/C. Double Entrance to Suite from South or North Staircase. Landlord Pays for Water & Property Maintenance. Above Ground Parking. Assumable Mortgage at an Unbelievable rate of 2.76%! Act now and seize the potential for lucrative returns!

Extras

Walking distance to Lakeview Park, Walking Trails, Ed Broadbent Waterfront Park, and Oshawa Harbour, for an array of recreational activities and scenic waterfront views. Property/Units are Tenanted and Must Be Assumed.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 6-15

  • Area: Oshawa

  • Community: Lakeview

  • Availability Date: TBD

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Tax Legal Description: PL 335 Sheet 27 PT LT C18 C23 RP 40R28231 PTS 3T05

  • Taxes: $14,079

  • Taxes Type: Annual

Land

  • Cross Street: Simcoe St S & Ritson

  • Municipality District: Oshawa

  • Sewer: San+Storm

  • Lot Depth: 132.47 Feet

  • Lot Frontage: 71 Feet

  • Zoning: R2/R6-B, OSP

Commercial Specific

  • Sprinklers: N

  • Total Area: 196.8

  • Total Area Metric: Sq Metres

  • Lot Code: Lot

  • Building Percent: 21

  • Financial Statement: Y

Map of 1418 Simcoe Street South, Oshawa
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