$1.3 mln - 8 Bedroom - House in Oshawa,ON - 381 Simcoe St | HomeSmile
HomeSmile logo
List view
listed 111 days ago
Show more
view 23 more
photos
Add to favourites
semi-detached
thumb arrow
listed 111 days ago
$1,299,000AI EST: -8.0% $1,196K Valuation info
381 Simcoe St
8 +2
bedrooms
6
bathrooms
6
parking spaces

Description

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!
Read more

Sold history


General Info

8+2 bedroom semi-detached house in Oshawa
381 Simcoe St, MLS: E8388414

Style | Type
2-storey | multiplex
Lot Width
31.5 ft
Lot Length
140.0 ft

Rooms

Bedrooms
8+2
Total Rooms
16+6
Bathrooms
6
Basement
apartment

Parking

Garage
detached
Garage spaces
2
Total spaces
6
Driveway
mutual

Financial info

Taxes
$8,404 / 2024

Additional info

Fireplace/Stove
none
Heating
water
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.

Other

Possession Details
30 days
Exterior Finish
brick
Listing Brokerage
berkshire hathaway homeservices toronto realty
Listing Sub-Area
central

Listing Information

Initial price
$1,349,000
Revised Price
$1,299,000
Listed date
30 may 2024
Days On The Market
111
HomeSmile AI estimate
$1,195,661 Valuation info
FOR SALE
Filter
SOLD
Sold listings filter
SCHOOLS
School filter
Show points of interest
Show transport routes
Switch satelite
zoom in
zoom out