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Home ON Greater Oshawa Oshawa Central
381 SIMCOE STREET S
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381 SIMCOE STREET S $1,299,000
$1,299,000
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381 SIMCOE STREET S
Oshawa (Central), Ontario L1H4J2

MLS® Number: E8388414
8 + 2
Bedrooms
6
Bathrooms
-
Square Feet

Listing 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! **** 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. (35354160)

Location Description

Olive Ave / Simcoe St S

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
Central
Land Size
31.5 x 140 FT
Annual Property Taxes
$8,404.33
Parking Type
Detached Garage
Time on REALTOR.ca
159 days

Building

Bedrooms
Above Grade
8
Below Grade
2
Bathrooms
Total
6
Interior Features
Basement Features
Apartment in basement
Basement Type
N/A
Building Features
Foundation Type
Unknown
Heating & Cooling
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Detached Garage
Total Parking Spaces
6

Land

Lot Features
Frontage
31 ft ,6 in
Land Depth
140 ft
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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