1398 Simcoe Street
Oshawa, L1H 4M4
FOR SALE
$729,000

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Investment
CATEGORY2,800 Sq Ft
TOTAL AREAE12518126
MLSIDContact Us
Property Description
Legal 2+1 dwelling located in a desirable south Oshawa neighborhood, just minutes from the lakefront, parks, trails, and transit. Zoned R6, this fully tenanted property offers strong cash flow with excellent tenants already in place.Upper Unit: $1,400/monthMain Unit: $1,602/monthLower Unit: $1,950/monthEach unit features separate entrances, updated finishes, and functional layouts ideal for long-term tenancies. Ample 5 car parking and a spacious lot provide added convenience and future potential under R6 zoning.Perfect for investors seeking a turnkey property with steady income and growth potential in a thriving area of Oshawa .Close to lakefront, amenities, GO Transit, Hwy 401Excellent investment with consistent cash flow @ 6% Cap Rate
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Property Details
Address
1398 Simcoe Street
Community
City
Postal Code
L1H 4M4
Property Type
Investment, Investment
Use
Apartment
Zoning
R6
Lot Size
55' x 190'
Total Area
2,800 Sq Ft
Acreage
9,500.0 Feet
Taxes
$4,833 (2024
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Right At Home Realty
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