381 Simcoe St S

Oshawa | Central | L1H 4J2
  • 8 + 2
  • 6
  • 0

Ask: $1,349,000 $1,299,000

Est. Mtg $4,404 /mo
  • Days on market

    126

  • Status

    Pc

Listing Broker BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY
Since listed: 3 views

Home details

MLS #:

E8388414

Property type:
Multiplex
Style:
2-Storey
Taxes:
$8,404
Possession:
30 Days
Lot Front:
31.5   Feet
Lot Depth:
140.0   Feet
Basement:
Apartment |
Driveway Pkg:
4
Heat:
Gas | Water

Description


381 Simcoe St S, , Oshawa, Ontario is a Multiplex property in Oshawa and in the Central community in the L1H 4J2 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2022-05 2022-07 $1,079,000 $959,000 Sld E5623659
2023-05 2023-11 $1,395,000 $1,395,000 Exp E5999800
2023-11 2024-05 $1,395,000 $1,375,000 Ter E7309238
2024-05 2024-08 $1,349,000 $1,299,000 Pc E8388414

Comparables

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sold Date Address List Price sold Price DOM
2022-07 381 Simcoe St S, $1,079,000 $959,000 45
2021-08 393 King St E, $1,100,000 $1,120,000 7

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Oshawa :

Average sale price

$854,822

Properties sold

228

New Listings

507

Days on Market

11

Sale $ / List $

110%

Year on Year Growth

-2.96%



Estimated running costs for 381 Simcoe St S

Based on available 3rd party data

$5240

Approximate costs per month

Mortgage
$4404 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$700 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY
Data Source: TRREB

Payment calculator

$5105 monthly. In association with: TD Bank
%
  • Principal and Interest
    4404 /mo
  • Property Taxes
    $700 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gerry Crokidas, Realtor

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