ON > Oshawa
Oshawa, ON L1H 4J2,381 Simcoe ST S
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Oshawa, ON L1H 4J2,381 Simcoe ST S
Oshawa, ON L1H 4J2,381 Simcoe ST S
Oshawa, ON L1H 4J2,381 Simcoe ST S
Oshawa, ON L1H 4J2,381 Simcoe ST S
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,299,000
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381 Simcoe ST S Oshawa, ON L1H 4J2

8 Beds

6 Baths

UPDATED:

10/31/2024 03:35 PM

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID E8388414

Style 2-Storey

Bedrooms 8

Annual Tax Amount $8,404

Tax Year 2024

Property 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!

Location

Province ON

County Durham

Area Central

Rooms

Family Room Yes

Basement Apartment

Kitchen 6

Separate Den/Office 2

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Garage Mutual

Garage Spaces 4.0

Pool None

Waterfront No

Roof Type Asphalt Rolled

Total Parking Spaces 6

Building

Foundation Unknown

Listed by BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY
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381 Simcoe ST S