116 Summer St

Central, Oshawa, L1H 2K9
FOR SALE
$689,000
116 Summer St, Oshawa
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5 + 2
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
9 + 2
ROOMS
E8219304
MLSID
Contact Us
Property Description
Instant Positive Cash Flow + 3 Unit Home, Legal Duplex With Basement Unit Non-Conforming + Live In One Unit & Rent The Other Units + Quiet Street End Street Leading To A Park + Premium Deep Lot! Unit 1 (Currently Vacant): Main Floor, 2 Bedrooms, Separate Laundry, Separate Entrance, 1 kitchen, 1 Full Bathroom, Living Space & Tons Of Storage. Unit 2: Main and Upper Floor, 3 Bedrooms, Separate Entrance Through Backyard, Walkout Deck, 1 Kitchen, 1 Full Bathroom & Shared Laundry With Basement Unit. Unit 3: Bsmt Unit W/Separate Entrance, 1 Kitchen, 2 Bedrooms, 1 Full Bathroom & Shared Laundry. Ideal For Investors Or First Time Home Buyers With Rent Paying For The Mortgage. Being Sold Under Market Value, Won't Last Too Long. Close To Schools, Shopping, Transit & Much More. Financials: Unit 1(Vacant): $2300, Unit 2: $2200 (Market Rent:$2300/month) + Unit 3: $1350 (Market Rent $1400/month). Gross Income: $5850/mt, Potential Gross Income: $6000/mt. Financials Attached.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-11-08 2023-12-23 45 $659,000 - Terminated
2022-07-04 2022-09-13 71 $798,000 - Suspended
Extras
All Existing Appliances (3 Fridges, 3 Stoves, 2 Washer & 2 Dryers, 3 Range hoods, 1 Dishwasher), All ELFs. 2 Separate Hydro Meters. Btv All Descriptions/Monetary Amounts/Measurements/Rentals.
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, School
Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
40' x 111'
Fronting
North
Taxes
$4,560 (2023)
Basement
Apartment, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.01' x 13.16'
Oshawa Market Statistics
Oshawa Price Trend
116 Summer St is a 5-bedroom 3-bathroom home listed for sale at $689,000, which is $747,900 (52.0%) lower than the average sold price of $1,436,900 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 5 bedroom home in Oshawa increased by $378,567 (35.8%) compared to the previous 30 day period (February 29 - March 29) and up $61,900 (4.5%) from the same time one year ago.
Inventory Change
There were 4 5-bedroom homes listed in Oshawa over the last 30 days (March 30 - April 28), which is down 66.7% compared with the previous 30 day period (February 29 - March 29) and down 20.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Oshawa typically sold ($49,800) (3.5%) below asking price over the last 30 days (March 30 - April 28), which represents a $16,501 decrease compared to the previous 30 day period (February 29 - March 29) and $75,750 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Oshawa over the last 30 days (March 30 - April 28) stood at 100.0%, up from 25.0% over the previous 30 days (February 29 - March 29) and up from 80.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Oshawa stood at 28 days when successfully sold over the last 30 days (March 30 - April 28), compared to 38 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Royal Properties Realty
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