Was listed for:Expired Nov 29, 2024
$1,299,000

381 Simcoe Street S

Oshawa (Central), ON L1H 4J2

Multiplex ExpiredNot available

Property not available for sale or for rent.

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Sale & Price History for 381 Simcoe Street S, Oshawa, Central

2024-05-30
2024-11-29
Expired
Price
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MLS#
e8388414

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 381 Simcoe Street S, Oshawa, Central

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$8,404
Land Transfer Tax Fee
$22,455

Basement Type
Apartment

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Rolled
Foundation Details
Unknown
Special Designation
Other

Lot

Lot Front
31.50 ft
Lot Depth
140.00 ft

Inclusions

Inclusions
All chattels included.

Exclusions

Exclusions
Tenant's personal belongings

Parking & Garages

Garage Type
Detached
Garage Spaces
2
Parking Spaces
4
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Water
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
8 + 2
Washrooms
6
Kitchens
6
Family / bonus room
Yes

Washrooms

  • 4-piece, Second
  • 4-piece, Main
  • 3-piece, Basement

Municipality
Oshawa
Neighbourhood
Central
Main cross streets
Olive Ave / Simcoe St S

MLS® number
E8388414
Data source
Toronto Regional Real Estate Board
Status change
2024-11-29
Listed on
2024-05-30
Days on market
183 days
Possession type
30 days
Co-op commission
2.5% + Hst With Thanks
Seller
Listed by
BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

Home Market Value

Current home valuation for 381 Simcoe Street S, Oshawa, Central, Oshawa, ON. Listed for $1,299,000

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Estimated Sales Range

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HOMEH Estimate for 381 Simcoe Street S, Oshawa, Central

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Oshawa, ON
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Land Transfer Tax

Provincial

$22,455

Total Land Transfer Tax

$22,455

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