Listed for:Listed 24 days ago
$999,999

489 Drew Street

Oshawa (Central), ON L1H 5B8

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 489 Drew Street, Oshawa, Central

No listing history available

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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 489 Drew Street, Oshawa, Central

Summarized Description

  • Spacious triplex with three self-contained units
  • Each unit has private entrance and laundry
  • Strong rental potential, ideal for students
  • Oversized balcony and deck for outdoor space
  • Located near transit, shopping, and schools
  • Future redevelopment opportunities available
  • Abundant natural light throughout the property

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

Key Facts & Features

Property Costs

Annual Property Tax Amount
$8,500
Land Transfer Tax Fee
$16,475

Rental Items

Rental Equipment
HOT WATER TANKS EACH $42+APPLICABLE HST

Basement Type
Apartment, Walk-Up, Separate Entrance, Finished

Interior Features

Interior Extras
Carpet Free
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
0-5

Construction

Exterior Finish
Other
Roof
Flat
Foundation Details
Insulated Concrete Form
Special Designation
Unknown

Lot

Lot Front
37.51 ft
Lot Depth
103.12 ft

Inclusions

Inclusions
3 FRIDGES, 3 FREEZERS, 3 MICROWAVES, 3 SET OF LAUNDRY, 3 STOVE, ALL WINDOW COVERNGS

Exclusions

Exclusions
THE SELLER IS WILLING TO SELL THE FURNITURES.

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
3
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
9
Washrooms
6
Kitchens
3
Family / bonus room
Yes

Washrooms

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

Municipality
Oshawa
Neighbourhood
Central
Main cross streets
Olive Ave/Ritson Rd S
Directions
Bloor St E & Drew St - North on Drew St to 489 Drew St

MLS® number
E13808554
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-21
Updated on
2026-10-12
Days on market
24 days
Possession date
2026-12-31
Possession type
60-89 days
Co-op commission
2.5%
Seller
Listed by
HOMELIFE LANDMARK REALTY INC.

Home Market Value

Current home valuation for 489 Drew Street, Oshawa, Central, Oshawa, ON. Listed for $999,999

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 489 Drew Street, Oshawa, Central

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Oshawa, ON
Minimum Down Payment Required:7.5%

5% on first $500K + 10% on $499,999 over $500K

Minimum down payment

$75,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$37,000$27,900$23,800$0
=Total mortgage
$961,999$927,899$873,799$799,999
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,697monthly$4,530monthly$4,266monthly$3,906monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$16,475

Total Land Transfer Tax

$16,475

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