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BEDROOMS2
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Property Description
Large Legal Registered Duplex With 3 Levels of Rentable Space in Prime Oshawa Location! Exceptional opportunity in the heart of Oshawa! This large, legally registered duplex offers three levels of rentable space - ideal for first-time home buyers looking to live in one unit and generate rental income from the other, or for savvy investors seeking strong cash flow potential. Each unit features its own private entrance and separate driveway, providing excellent privacy and flexibility. Both units are freshly painted and offer ample parking. Main Level Unit: Features a bright 1-bedroom suite complete with a full 4-piece bathroom, private kitchen, and in-suite washer and dryer. New windows have been installed in the main level unit. Upper Unit: Spacious layout with 2 large bedrooms, 2 living rooms, full 4-piece bathroom, private kitchen, sunroom, and in-suite washer and dryer. Additional highlights include two separate hydro meters, making utilities convenient for tenants and owners alike. Fantastic central location close to amenities, transit, schools, and shopping. A rare turnkey income property in a high-demand area!
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Nearby Intersections
Property Features
Primary Bedroom - Main Floor, Private
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Property Details
Address
42 Ritson Road
Community
City
Postal Code
L1H 5G9
Property Type
Duplex, Duplex
Lot Size
41' x 60'
Taxes
$3,750 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Re/Max Realtron Realty Inc.
A Fantastic Investment Opportunity In A Highly Walkable Location Close To All Amenities. This Legal Duplex Features Two Private Units, Each With Its Own Entrance. The Main Floor Offers 2 Bedrooms And 1 Bath, While The Upper Unit Includes 1 Bedroom & 1 Bath. Additional Highlights Include A Generous Backyard, Parking For Two Cars, And Onsite Coin-Operated Laundry. Numerous Updates Completed, Including A New Furnace (2021), Air Conditioner (2020), And Updated Windows Throughout (Excluding Basement), Flooring And Soffits Upgraded, Garden Shed, Kitchen Counters And Cabinets Upgraded, Added Insulation between Floors, Basement Professionally Waterproofed. Main floor is vacant ($1,900 + utilities) & upstairs tenant pays $1,600 + utilities ( tenant will vacate if required) Both units separate hydro meters & share gas. Investor Summary - 158 Celina St, Oshawa Excellent opportunity to acquire a legal duplex in a strong Oshawa rental location. This property generates $42,000 in gross annual income with a solid 7.16% cap rate. With conservative financing at a 3.89% interest rate and 30% down, investors can expect strong positive cash flow of approximately $13,800 annually. Two self-contained units provide diversified income streams, making this an ideal addition to any investment portfolio. Some staging is AI generated.
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