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Property Description
Opportunity knocks! Location, Location, Location! Huge Opportunity for first time buyers, Hold for Further Investment or Development. Conveniently located steps to the new Central Oshawa Go station, 401, shopping, public transit, schools, parks, recreation & more. 3 bedrooms, 3 bathrooms, finished basement, large driveway and a oversized detached garage on a 50 x 110 lot complete the package. R5-A Zoning allows many uses, including but not limited to: duplex, triplex, fourplex & more. Not in a CLOCA regulated area, nor Greenbelt.
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Extras
Buyer to do their own due diligence concerning ALL aspects of this property & their intended use of it.
Nearby Intersections
Ritson & Olive (37)
Property Features
Fenced Yard, Park, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
700-1100
Lot Size
50' x 110'
Fronting
West
Taxes
$3,450 (2024)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
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Oshawa Market Statistics
Oshawa Price Trend
494 Drew St is a 3-bedroom 3-bathroom home listed for sale at $500,000, which is $246,166 (33.0%) lower than the average sold price of $746,166 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom home in Oshawa declined by $7,900 (1.0%) compared to the previous 30 day period (September 1 - September 30) and up $111,864 (17.6%) from the same time one year ago.Inventory Change
There were 179 3-bedroom homes listed in Oshawa over the last 30 days (October 1 - October 30), which is down 13.9% compared with the previous 30 day period (September 1 - September 30) and down 12.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $2,926 (0.4%) above asking price over the last 30 days (October 1 - October 30), which represents a $12,570 decrease compared to the previous 30 day period (September 1 - September 30) and ($897) 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 3-bedroom homes in Oshawa over the last 30 days (October 1 - October 30) stood at 60.3%, up from 47.1% over the previous 30 days (September 1 - September 30) and down from 65.2% 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 20 days when successfully sold over the last 30 days (October 1 - October 30), compared to 39 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Jazz Inc.
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