394 Centre Street S, Oshawa, ON L1H 4B9 (Simcoe St S and Avenue St)

Price : $949,900.00 , MLS®# : E13493858

Description

Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Six plex, The Building Is Currently Operating With Five Fully Tenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units Set On A Quiet, Established Street With Quick Access To Downtown Amenities, Parks, Transit, The GO, And Hwy 401.Self-ContainedApartments Offer Practical Layouts And Good Natural Light; Common Areas Present Well. Laundry Is Located In The Basement, With Opportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning Support Long-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With Area Averages .Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal Turnkey Addition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents. Showings By Appointment Only.

Location Description

Simcoe St S and Avenue St

Property Details
  • Community: Central
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 3
  • Bath: 6
  • Garages: None
  • Annual Property Taxes : $ 5076
Building Features
  • Foundation Type: Stone
  • Counstruction Material : Brick
  • Total Parking Space : 4
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 52.75 sq.ft
  • Land Depth: 82sq.ft

Listing Contracted With: Royal Heritage Realty Ltd.