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Property Description
Welcome to 117 Montrave Avenue in Oshawa! This legal duplex on a large 60-foot frontage lot is perfect for any investor, developer, or family looking for multi-generational living. Noteworthy features of this property include two legal units on separate hydro, a potential third unit in the basement, and a massive 25' x 20' detached garage, which offers the potential to add a good-sized garden suite for more rental income. Unit #1 offers cathedral ceilings with a loft bedroom, 2 baths, a full basement, and an open-concept kitchen/dining area. Unit #2 includes 3 bedrooms, 2 baths, and a partially finished basement. This could be a great opportunity to live in the property while converting the basement into a separate unit and turning the large garage into a garden suite. Whether you are an investor or house hacking your way to live for free, this property is only minutes from the Oshawa Centre and 401, GO Train. Check out the virtual Tours online.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-13 | 2024-09-30 | 109 | $799,900 | - | Expired |
2024-05-15 | 2024-06-13 | 29 | $999,900 | - | Terminated |
2022-05-25 | 2022-06-06 | 12 | $649,900 | $750,000 | Sold |
Extras
Unit #1 (Loft Unit) is tenant-occupied on a month-to-month basis at $1,588.75 per month, while Unit #2 (Greater Unit) is also tenant-occupied on a month-to-month basis at $2,357.50 per month. Both tenants would like to stay.
Property Features
Arts Centre, Grnbelt/Conserv, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
60' x 115'
Fronting
East
Taxes
$3,798 (2023)
Basement
Finished, Sep Entrance
Exterior
Alum Siding, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
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Oshawa Market Statistics
Oshawa Price Trend
117 Montrave Ave is a 5-bedroom 3-bathroom home listed for sale at $799,900, which is $219,900 (37.9%) higher than the average sold price of $580,000 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 5 bedroom home in Oshawa declined by $646,625 (52.7%) compared to the previous 30 day period (September 1 - September 30) and down $755,000 (56.6%) from the same time one year ago.Inventory Change
There were 11 5-bedroom homes listed in Oshawa over the last 30 days (October 1 - October 30), which is up 37.5% compared with the previous 30 day period (September 1 - September 30) and up 37.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Oshawa typically sold $80,001 (13.8%) above asking price over the last 30 days (October 1 - October 30), which represents a $17,876 increase compared to the previous 30 day period (September 1 - September 30) and ($39,500) more 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 (October 1 - October 30) stood at 9.1%, down from 50.0% over the previous 30 days (September 1 - September 30) and down from 25.0% 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 20 days when successfully sold over the last 30 days (October 1 - October 30), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Metropolis Realty
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