427 Adelaide Ave W

McLaughlin, Oshawa, L1J 2R9
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427 Adelaide Ave W, Oshawa
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2 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
5 + 4
ROOMS
E8178522
MLSID
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Property Description
Welcome to your dream investment opportunity! Nestled in the heart of the vibrant McLaughlin area, this all-brick backsplit legal 2-unit home boasts a fully renovated, vacant 2-bedroom, 1-bath upper apartment, ready for you to move in or rent out immediately. Meanwhile, the lower unit is already occupied, ensuring instant income potential. Live in one unit and let the other pay your mortgage, or capitalize on double rental income. Conveniently located near Oshawa Centre, Hwy 401, schools, Lakeridge Health Centre, parks, and shopping, this property offers the perfect blend of comfort and convenience. Don't miss your chance to house hack your way to wealth in this thriving community!
Nearby Intersections
Property Features
Fenced Yard, Golf, Hospital, Place Of Worship, Public Transit, School
Property Details
Community
City
Property Type
Duplex, Backsplit 4
Lot Size
40' x 130'
Acreage
< .50
Fronting
South
Taxes
$5,863 (2024)
Basement
Apartment
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain10.04' x 15.94'Laminate, Stainless Steel Appl, Pot Lights
LivingMain11.91' x 23.10'Laminate, Bay Window, Pot Lights
3rd BrLower11.42' x 11.48'Laminate, Closet
Prim BdrmUpper10.96' x 18.44'Laminate, Double Closet
2nd BrUpper11.81' x 12.11'Laminate, Closet
BreakfastMain10.04' x 15.94'Combined W/Kitchen, Laminate
Oshawa Market Statistics
Oshawa Price Trend
427 Adelaide Ave W is a 2-bedroom 2-bathroom home listed for sale at $699,000, which is $28,943 (4.0%) lower than the average sold price of $727,943 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom home in Oshawa declined by $79,578 (9.9%) compared to the previous 30 day period (February 26 - March 26) and up $8,375 (1.2%) from the same time one year ago.
Inventory Change
There were 42 2-bedroom homes listed in Oshawa over the last 30 days (March 27 - April 25), which is down 0.0% compared with the previous 30 day period (February 26 - March 26) and up 13.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Oshawa typically sold $63,194 (8.7%) above asking price over the last 30 days (March 27 - April 25), which represents a $25,449 increase compared to the previous 30 day period (February 26 - March 26) and $57,316 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 2-bedroom homes in Oshawa over the last 30 days (March 27 - April 25) stood at 135.7%, up from 54.8% over the previous 30 days (February 26 - March 26) and up from 67.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Oshawa stood at 12 days when successfully sold over the last 30 days (March 27 - April 25), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Ipro Realty Ltd
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