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Property Description
Discover the perfect blend of enjoyment and investment opportunity with this charming 2+1 bedroom home, ideally located at 1398 Simcoe St South. Zoned R6, this property offers significant development potential, making it an excellent choice for investors and families alike. This home is not just a residence; it's a strategic investment with endless possibilities.Close to public transportation, shopping, and schools, ensuring high tenant appeal and occupancy rates. Whether you're looking to live, develop, or hold, this property checks all the boxes. Don't miss out! The neighbouring property is also for sale zoned R6. These properties can be sold together or seperate. 80 Harbour Road (Nahid Harbour Condos) currently in development across the street from property. **EXTRAS** split boiler heating system for heating efficiency. newly renovated basement apartment
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Property Details
Street
Community
City
Property Type
Multiplex, 1 1/2 Storey
Lot Size
50' x 190'
Fronting
West
Taxes
$5,100 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.99' x 19.00' | 7 Pc Bath |
| Living | Main | 12.99' x 19.00' | Hardwood Floor |
| Prim Bdrm | Main | 10.99' x 12.99' | Hardwood Floor |
| Br | Main | 10.01' x 10.99' | Hardwood Floor |
| Kitchen | Lower | 12.01' x 8.99' | Vinyl Floor |
| Living | Lower | 12.01' x 18.01' | Vinyl Floor |
| Br | Lower | 10.99' x 10.99' | Vinyl Floor, Window |
| 2nd Br | Lower | 10.01' x 10.99' | Vinyl Floor, Window |
| Kitchen | Upper | 10.99' x 8.01' | B/I Oven, Window |
| Living | Upper | 10.01' x 10.99' | Window, Vinyl Floor |
| Br | Upper | 10.01' x 10.01' | Vinyl Floor, Window |
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Oshawa Market Statistics
Oshawa Price Trend
1398 Simcoe St S is a 3-bedroom 3-bathroom home listed for sale at $849,000, which is $69,046 (8.9%) higher than the average sold price of $779,954 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Oshawa increased by $55,177 (7.6%) compared to the previous 30 day period (December 22 - January 20) and down $76 (0.0%) from the same time one year ago.Inventory Change
There were 123 3-bedroom homes listed in Oshawa over the last 30 days (January 21 - February 19), which is up 39.8% compared with the previous 30 day period (December 22 - January 20) and up 6.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $19,417 (2.5%) above asking price over the last 30 days (January 21 - February 19), which represents a $17,201 increase compared to the previous 30 day period (December 22 - January 20) and $22,770 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 3-bedroom homes in Oshawa over the last 30 days (January 21 - February 19) stood at 72.4%, up from 51.1% over the previous 30 days (December 22 - January 20) and up from 69.8% 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 8 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 Right At Home Realty
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