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BEDROOMS3
BATHROOMS3
KITCHENS9
ROOMSE10424339
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Property Description
Investor's Dream! Discover this legally registered triplex in the heart of Oshawa, featuring three well-maintained 1-bedroom units. Located steps from Costco, shopping centers, dining, parks, public transit, schools, and Ontario Tech University, this property offers unparalleled convenience. Each unit is individually metered for hydro, ensuring hassle-free management. The shared laundry in the basement adds to tenant appeal. The main floor unit is currently vacant, while the other two units house long-term tenants, providing immediate rental income. This is an exceptional investment opportunity you wont want to miss!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-04 | 2024-11-11 | 38 | $650,000 | - | Terminated |
Nearby Intersections
Simcoe & Adelaide (23)
Adelaide & Ritson (19)
Property Features
Fenced Yard, Hospital, Level, Public Transit
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Lot Size
20' x 103'
Fronting
East
Taxes
$4,510 (2024)
Basement
Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 8.04' x 9.71' | Open Concept, Laminate, Window |
| Kitchen | Ground | 8.69' x 9.61' | Backsplash, Open Concept, W/O To Yard |
| Br | Ground | 8.63' x 10.86' | Laminate, Closet, Window |
| Living | 2nd | 8.76' x 10.96' | Laminate, Window, Open Concept |
| Kitchen | 2nd | 8.43' x 9.35' | Backsplash, Open Concept, Laminate |
| Br | 2nd | 9.06' x 12.47' | Window, Laminate, Double Closet |
| Living | 3rd | 12.14' x 13.81' | Open Concept, Window, Closet |
| Kitchen | 3rd | 9.19' x 9.65' | Backsplash, Open Concept, Laminate |
| Br | 3rd | 10.01' x 12.83' | Laminate, Window, Closet |
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Oshawa Market Statistics
Oshawa Price Trend
283 Jarvis St is a 3-bedroom 3-bathroom home listed for sale at $650,000, which is $129,954 (16.7%) lower 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 Realty One Group Reveal
Similar Listings
This legal triplex offers multiple value-add opportunities with commercial zoning (PSC-A), including the potential addition of a garden suite (currently a detached garage and spacious parking lot with space for 9+ cars) Buyer to perform due diligence. Alternatively, the main floor unit will be vacant and available for renovation in May. All three self-contained units have separate hydro meters and heating controls, with shared laundry in the basement and current rental income of $4,496 combined/month. Recent upgrades include new railings at the front entrance, an added banister to the staircase for the upper unit, and a renovated basement unit. Located centrally in Oshawa, this property offers convenient access to Highway 401, Durham College, Oshawa GO, and is within walking distance to local amenities, schools, and parks.
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