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BEDROOMS3
BATHROOMS2 + 1
KITCHENS8 + 4
ROOMSE11997570
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Property Description
This purpose-built legal Triplex at 1397 Ritson Rd S in Oshawa offers the flexibility to be used as a self-contained family unit or as a multi-unit rental / investment property. Located in the mature Lakeview neighbourhood, this property is perfect for those seeking a combination of family living and investment opportunity. Each of the three units features 2 Bedrooms and 1 Bathroom, providing comfortable and practical living spaces. The property is situated on a generous 65 x 108 lot, with 8+ parking spots available for tenants and guests. The property also includes 2 points of enclosed access and egress staircases, ensuring safety and easy access to each unit. The family-friendly area is just minutes from Lake Ontario and Lakeview Park, offering a peaceful and accessible setting for all ages. With nearby amenities, schools, and major routes, this property is well-connected to everything you need while offering the tranquility of a well-established neighbourhood. Whether you're looking for a great investment or a home with rental potential, this Tri-Plex offers a unique opportunity in Oshawa's Lakeview Community.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-08 | 2025-01-31 | 115 | $2,150 | - | Expired |
Property Features
Beach, Park
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
65' x 108'
Acreage
< .50
Fronting
East
Taxes
$5,698 (2024)
Basement
Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 2nd | 11.68' x 11.84' | |
| 2nd Br | 2nd | 8.43' x 12.07' | |
| Family | 2nd | 10.93' x 20.77' | |
| Kitchen | 2nd | 6.82' x 10.93' | |
| Br | Main | 11.68' x 11.84' | |
| 2nd Br | Main | 8.43' x 12.07' | |
| Kitchen | Main | 6.82' x 10.93' | |
| Br | Bsmt | 8.99' x 10.83' | |
| 2nd Br | Bsmt | 8.27' x 12.01' | |
| Family | Bsmt | 10.93' x 20.67' | |
| Kitchen | Bsmt | 10.93' x 20.67' |
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Oshawa Market Statistics
Oshawa Price Trend
1397 Ritson Rd S is a 4-bedroom 3-bathroom home listed for sale at $1,125,000, which is $102,532 (10.0%) higher than the average sold price of $1,022,468 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Oshawa increased by $70,885 (7.4%) compared to the previous 30 day period (December 22 - January 20) and down $62,857 (5.8%) from the same time one year ago.Inventory Change
There were 86 4-bedroom homes listed in Oshawa over the last 30 days (January 21 - February 19), which is up 83.0% compared with the previous 30 day period (December 22 - January 20) and up 48.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oshawa typically sold ($505) (0.0%) below asking price over the last 30 days (January 21 - February 19), which represents a $11,786 increase compared to the previous 30 day period (December 22 - January 20) and ($2,439) 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 4-bedroom homes in Oshawa over the last 30 days (January 21 - February 19) stood at 58.1%, up from 51.1% over the previous 30 days (December 22 - January 20) and down from 74.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Oshawa stood at 29 days when successfully sold over the last 30 days (January 21 - February 19), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Jazz Inc.
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CASH FLOWING LEGAL TRIPLEX in highly sought-after North Oshawa! This CASH FLOW POSITIVE, custom-built, fully renovated triplex is a turn-key investment with modern finishes and excellent, reliable tenants already in place, all paying market rent, ensuring immediate and steady rental income. $69,600.00/Yr in rental income! Whether you're a seasoned investor or looking to expand your portfolio, this property offers exceptional returns with huge upside potential for long-term appreciation. The triplex features three self-contained units. Unit 1: 3 bed, 1 bath; Unit 2: 1 bed, 1 bath; Unit 3: 3 bed, 1 bath, each designed for maximum functionality and rental appeal. With high-end finishes, low-maintenance upgrades, and separate entrances, this property is built for strong tenant retention and minimal upkeep, making it a hassle-free, income-generating asset. Beyond the interiors, the large backyard provides outdoor space for tenant enjoyment, further increasing the property's desirability. Situated in a prime location, this triplex offers easy access to schools, shopping, parks, and public transit, making it an attractive rental option in an area where demand for quality housing is high. With tenants already paying market rent, this is a rare opportunity to secure a high-performing multi-family asset that delivers immediate cash flow and long-term growth potential. Dont miss out on this exceptional investment opportunity, a fully tenanted, income-generating property in one of Oshawa's most desirable neighborhoods!
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