180 Nipigon Street
McLaughlin, Oshawa, L1J 4N5
FOR SALE
$1,350,000
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11
BEDROOMS 6
BATHROOMS 6
KITCHENS 34
ROOMS E13829936
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Property Description
Exceptional Investment Opportunity in Oshawa! Fully occupied 6-unit brick multiplex offering an attractive combination of stable in-place income and significant future upside. The property features five spacious 2-bedroom units and one 1-bedroom unit, all fully self-contained, with designated parking and an on-site laundry facility.Tenants pay their own hydro and hot water, providing an efficient expense structure for investors. Rents offer substantial upside, creating an excellent opportunity to increase cash flow and enhance the property's income potential over time. Well maintained and located in a highly convenient Oshawa neighbourhood, this property is ideally positioned near Costco, Oshawa Centre, Ontario Tech University, golf courses, Highway 401, GO Transit, public transit, schools, shopping, and everyday amenities.A compelling opportunity to acquire a fully occupied, income-producing multiplex with built-in rental upside in a strong and convenient location. Ideal for investors looking to add a multi-residential asset with immediate occupancy and long-term income-growth potential to their portfolio.
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Property Features
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Property Details
Address
180 Nipigon Street
Community
City
Postal Code
L1J 4N5
Property Type
Multiplex, Multiplex
Lot Size
71' x 106'
Taxes
$10,791 (2026
Basement
Apartment
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
7
Garage Type
None
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Listing contracted with Royal Lepage Frank Real Estate
Legal 6-Plex. 5.43 CAP%. Turnkey Investment in High-Demand Neighbourhood. Well-maintained, all-brick legal 6-unit building on a large 75' x 136' lot. Features 5 spacious 2-bedroom units and 1 one-bedroom unit, each with its own bathroom (five 4-piece and one 3-piece), private storage locker, and dedicated parking spot. Four units include private balconies.Recent updates include a new Goodyear White Membrane flat roof, some windows, flooring, appliances, paved driveway, glass sliding doors, and flooring. All units have 60-amp panels.Additional highlights: on-site coin laundry, solid terrazzo staircases (front & rear) with fire-code compliant doors/locks, and excellent access throughout. Tenants pay hydro & hot water: landlord pays heat. 7 parking spots total with room for more.This turnkey property is currently occupied by A++ long-term tenants and offers a 5.43% cap rate with strong upside potential for increased returns over time. Located in a quiet, highly desirable neighbourhood - walking distance to schools, Costco Plaza, and all amenities.
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