Legal 2+1 dwelling located in a desirable south Oshawa neighborhood, just minutes from the lakefront, parks, trails, and transit. Zoned R6, this fully tenanted property offers strong cash flow with excellent tenants already in place.Upper Unit: $1,400/monthMain Unit: $1,602/monthLower Unit: $1,950/monthEach unit features separate entrances, updated finishes, and functional layouts ideal for long-term tenancies. Ample 5 car parking and a spacious lot provide added convenience and future potential under R6 zoning.Perfect for investors seeking a turnkey property with steady income and growth potential in a thriving area of Oshawa .Close to lakefront, amenities, GO Transit, Hwy 401Excellent investment with consistent cash flow @ 6% Cap Rate
Address
1398 Simcoe Street S
List Price
$749,000
MLS® Status
New
Expiration Date
2026-03-06
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Oshawa
Sub-Area
Lakeview
Region
Durham
Bedrooms (Total)
5
Bathrooms
1
Lot Size Source
MPAC
Lot Depth
190
Lot Type
Building
Lot Size Units
Feet
Lot Width
55
Parcel Number
163850272
Total Building Area
2800
Occupant Type
Tenant
Cross Street
Simcoe/Wentworth
MLS® Number
E12518126
Listing Brokerage
RIGHT AT HOME REALTY
Postal Code
L1H 4M4
Posession Details
quick is preffered
Parking Spaces
5
Tax Amount
$4,833.00
Tax Year
2024
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Gas
Heat Type
Radiant
Cooling Features
No
Garage Type
None
Kitchens Total
3
Tax Legal Description
PT LOT C18 SHEET27 P1335 AS IN dr94997