New Listing
489 Drew Street,Oshawa (Central), ON L1H5B8
Oshawa (Central), ON L1H5B8
Description
OFFER ANYTIME! Exceptional Investment Opportunity in the Heart of Oshawa! This spacious purpose-built-style triplex offers outstanding income potential with 3 self-contained units, each featuring its own private entrance, separate hydro meter, individual furnace, private laundry, modern kitchen, 3 bedrooms and 2 bathrooms - providing a total of 9 bedrooms and 6 bathrooms.Designed with functionality and natural light in mind, the property features large windows throughout. The second-floor unit offers an oversized private balcony with an open view, while the main-floor unit features a beautiful deck overlooking the backyard. The lower-level unit boasts large windows, creating a bright and inviting living space with abundant natural light.Ideally located close to transit, shopping, schools, restaurants, parks and everyday amenities. The property currently generates strong rental potential, with individual rooms being rented primarily to students.Beyond its existing income-producing use, the property may also offer long-term redevelopment and land assembly potential, making it attractive to investors, developers and buyers looking for both immediate income and future upside. Future development is subject to municipal planning, zoning and approval requirements.A rare opportunity to acquire a highly functional multi-unit property with strong income potential and future redevelopment possibilities in a growing Oshawa neighbourho (id:13843)
Details
| MLS # | E14140620 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 1 |
| Listing Provided By | HOMELIFE LANDMARK REALTY INC. | SHAHLA HOSSEINI |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 2,500 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Insulated Concrete Forms |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 8500 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Oshawa (Central) |
| Postal Code | L1H5B8 |
| Listing VS Median (in L1H5B8) | |
Price: $1,248,000 low | high Med: $1,268,444 sqft: 2,500 low | high Med: 2,500 $ / sqft: $499 low | high Med: $507 On site: 1 low | high Med: 1 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Oshawa (Central) |
| Postal Code | L1H5B8 |
| Listing VS Median (in L1H5B8) | |
Price: $1,248,000 low | high Med: $1,268,444 sqft: 2,500 low | high Med: 2,500 $ / sqft: $499 low | high Med: $507 On site: 1 low | high Med: 1 | |
