381 Simcoe Street South, Oshawa | Image 1

381 Simcoe Street South

Oshawa, Central

  • 8 bed 6 bath
$1,299,000 est.*: $4,401/mo
For Sale

Added 5 months ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 31.5 x 140 Feet

  • Age: No Data

  • Taxes: $8,404 per year

  • Days on Site: 157 Days

  • Added: May 27, 2024 (5 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: E8388414

  • Listed By: Berkshire hathaway homeservices toronto realty

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!

Extras

Recent Repairs, Including A New Roof, Fence, And Railing. A New Stove, Refrigerator, And Ceiling In Apartment 6 Ensure That This Property IsIn Great Condition And Ready For New Ownership.

Upcoming Open Houses

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Area: Oshawa

  • Community: Central

  • Availability Date: 30 Days

  • Assessment Year: 2024

Inside

  • Bedrooms: 8

  • Bedrooms Plus: 2

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 16

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 6

Building

  • Basement: Apartment

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Other

Parking

  • Driveway: Mutual

  • Garage Spaces: 2

  • Garage Type: Detached

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT C12 SHEET 20 PL 335 OSHAWA AS IN D459758; T/W & S/T ROW AS

  • Taxes: $8,404

Land

  • Cross Street: Olive Ave / Simcoe S

  • Municipality District: Oshawa

  • Fronting On: East

  • Parcel Number: 163700772

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 140 Feet

  • Lot Frontage: 31.5 Feet

Additional Media

  • Virtual Tour: https://www.winsold.com/tour/227590
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Car-Dependent

  • Most errands require a car.
41 /100

Good Transit

  • Some errands can be accomplished by public transportation.
53 /100

Very Bikeable

  • Most errands can be accomplished on bike.
73 /100
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Map of 381 Simcoe Street South, Oshawa
JK-8

St Hedwig Catholic School

Elementary: Catholic
1.33 km
JK-8

Mary Street Community School

Elementary: Public
1.51 km
JK-6

ÉÉC Corpus-Christi

Elementary: Catholic
1.06 km
JK-8

St Thomas Aquinas Catholic School

Elementary: Catholic
1.09 km
JK-8

Village Union Public School

Elementary: Public
0.39 km
JK-8

Glen Street Public School

Elementary: Public
1.74 km
9-12

DCE - Under 21 Collegiate Institute and Vocational School

Secondary: Public
0.83 km
9-12

Durham Alternative Secondary School

Secondary: Public
1.64 km
9-12

G L Roberts Collegiate and Vocational Institute

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3.27 km
9-12

Monsignor John Pereyma Catholic Secondary School

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1.48 km
9-12

Eastdale Collegiate and Vocational Institute

Secondary: Public
3.26 km
9-12

O'Neill Collegiate and Vocational Institute

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2.11 km

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