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Property Description
Welcome to your dream investment property at 1284 Meadowvale, Oshawa, ON! This fully renovated gem offers an exceptional combination of modern living and lucrative rental potential. With three spacious bedrooms and two full bathrooms, this property is designed for comfort and convenience for both the owners and tenants.Step into a brand-new kitchen that promises culinary delights, ideal for hosting family gatherings or cozy evenings at home. The main floor is currently generating an impressive income of $3,290 per month, while the basement unit adds another $2,450 to your revenue stream, ensuring a steady cash flow.Located just a short stroll from the beautiful Lake Ontario, this home is perfectly situated in a quiet, mature neighborhood that offers a peaceful lifestyle while being close to nature. Enjoy leisurely walks to the beach or explore the vibrant community around you.What sets this property apart is its versatility: live in one unit and rent out the other to offset your mortgage, or manage both as an investment for passive income. With separate laundry facilities for each unit, tenants will appreciate the added convenience and privacy.Don't miss the chance to own this fantastic property that checks all the boxesrenovated, income-generating, and in a prime location. Whether youre a first-time buyer, seasoned investor, or looking for a family home, this property promises endless possibilities. Schedule a viewing today and seize the opportunity to make this stunning property your own!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-06 | 2024-06-27 | 21 | $799,999 | - | Terminated |
| 2021-01-21 | 2021-01-29 | 8 | $399,900 | $701,900 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
94' x 144'
Fronting
South
Taxes
$4,195 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Pool
Inground
Parking Spaces
5
Driveway
Private
Garage Type
None
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Oshawa Market Statistics
Oshawa Price Trend
1284 Meadowvale St is a 3-bedroom 3-bathroom home listed for sale at $859,999, which is $104,034 (13.8%) higher than the average sold price of $755,965 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 3 bedroom home in Oshawa declined by $7,282 (1.0%) compared to the previous 30 day period (October 4 - November 2) and up $6,985 (0.9%) from the same time one year ago.Inventory Change
There were 119 3-bedroom homes listed in Oshawa over the last 30 days (November 3 - December 2), which is down 32.0% compared with the previous 30 day period (October 4 - November 2) and down 33.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $2,497 (0.3%) above asking price over the last 30 days (November 3 - December 2), which represents a $515 increase compared to the previous 30 day period (October 4 - November 2) and ($9,377) 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 3-bedroom homes in Oshawa over the last 30 days (November 3 - December 2) stood at 73.9%, up from 60.0% over the previous 30 days (October 4 - November 2) and up from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Oshawa stood at 24 days when successfully sold over the last 30 days (November 3 - December 2), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Noble Grps Real Estate Incorporated
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