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Property Description
Extremely Unique Opportunity. Solid Three Bedroom Two Bath Ranch Bungalow Including a Finished Basement, Situated on a 52 x 110 Foot Lot with a Huge Private Fully Fenced Backyard and Large Deck for Entertaining. This Property includes a Full Array of Solar Panels that Earn Between $9,000.00 - $10,000 a Year Selling Hydro by Transferable Contract (assignable), to the Ontario Hydro Authority and Continues Until April 23, 2032 at which time a new contract could be negotiated. Inside You will find an Open Concept Living/Dining Room with Picture Window, an Updated Kitchen with Oak Cupboards, 3 Bedrooms and 4 Piece Main Bathroom. The Finished Basement has In-law Potential and Features a Large Recreation and Games Room(s) W/Gas Fireplace, Office Area, 3 Piece Bath, Cold Room and Laundry Room. Many Upgrades and Updates Completed Over the Years Including Windows, Furnace & Air Conditioning 2021, Roof Shingles 2011, Breaker Panel, Solar Panels and Related Hydro Connections 2011, Sliding Glass Door Walk out and Large Deck 2012 and More. Property has been Tenanted Since 2014 and Requires Some Renovating/Updating!! Priced for a Quick Sale, Very Many Possibilities Here!!! Note: most pictures taken (2014) prior to current Tenant.
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Extras
The property has a (assignable under conditions) 20 Year Contract, (FEED-IN TARIFF MICROFIT CONTRACT) to Sell Hydro to the Ontario Hydro Authority from April 23, 2012 to April 23, 2032. Contract has been Paying $9,000 to $10,000 per Year.
Nearby Intersections
Harmony & Olive (21)
Property Features
Fenced Yard, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
52' x 110'
Lot Irregularities
As Per Deed
Fronting
West
Taxes
$4,023 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Ground | 11.19' x 18.24' | Hardwood Floor, Picture Window, Open Concept |
Dining | Ground | 8.60' x 8.79' | Open Concept, Hardwood Floor, Fireplace |
Kitchen | Ground | 7.81' x 12.11' | Renovated, Ceramic Floor, B/I Dishwasher |
Prim Bdrm | Ground | 10.50' x 11.22' | Closet, Laminate, Window |
2nd Br | Ground | 8.69' x 10.50' | Laminate, Window, Closet |
3rd Br | Ground | 8.40' x 8.79' | W/O To Deck, Laminate, Closet |
Rec | Bsmt | 14.24' x 22.31' | Gas Fireplace, Pot Lights, Broadloom |
Games | Bsmt | 11.58' x 16.31' | 3 Pc Bath, Broadloom |
Laundry | Bsmt | 4.99' x 10.99' | Vinyl Floor |
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Oshawa Market Statistics
Oshawa Price Trend
538 Harmony Rd S is a 3-bedroom 2-bathroom home listed for sale at $599,999, which is $147,813 (19.8%) lower than the average sold price of $747,812 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 3 bedroom home in Oshawa declined by $27,653 (3.6%) compared to the previous 30 day period (November 18 - December 17) and down $24,160 (3.1%) from the same time one year ago.Inventory Change
There were 76 3-bedroom homes listed in Oshawa over the last 30 days (December 18 - January 16), which is down 23.2% compared with the previous 30 day period (November 18 - December 17) and up 81.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold ($1,639) (0.2%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,009 increase compared to the previous 30 day period (November 18 - December 17) and ($18,277) 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 (December 18 - January 16) stood at 64.5%, down from 88.9% over the previous 30 days (November 18 - December 17) and down from 131.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Oshawa stood at 22 days when successfully sold over the last 30 days (December 18 - January 16), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Heritage Realty Inc.
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