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Property Description
Once in a life time opportunity to acquire this fully renovated, income generating building; complete with renovated interiors, newer asphalt shingle roof, fully rented, multiplex money maker! Located on a busy main artery with own parking spots, this property boasts multiple residential and a commercial unit, all fully rented. For convenience, all units are separate from each other and boast their own electric meters/panels. This property is located near everything; schools, parks, plazas, shopping centers as well as transportation and the 401. Zoned PSC-A, this property allows for many uses.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-10-06 | 2021-12-28 | 83 | $1,650 | - | Terminated |
Nearby Intersections
Ritson & Olive (28)
Property Features
Cul De Sac, Park, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Approximate Sq.Ft.
3000-3500
Lot Size
43' x 115'
Fronting
West
Taxes
$4,704 (2024)
Basement
Apartment
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
Detached
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Oshawa Market Statistics
Oshawa Price Trend
555 Ritson Rd S is a 5-bedroom 4-bathroom home listed for sale at $1,259,000, which is $116,334 (10.2%) higher than the average sold price of $1,142,666 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Oshawa increased by $202,666 (21.6%) compared to the previous 30 day period (September 21 - October 20) and down $327,334 (22.3%) from the same time one year ago.Inventory Change
There were 11 5-bedroom homes listed in Oshawa over the last 30 days (October 21 - November 19), which is down 0.0% compared with the previous 30 day period (September 21 - October 20) and up 10.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Oshawa typically sold $93,370 (8.2%) above asking price over the last 30 days (October 21 - November 19), which represents a $53,370 increase compared to the previous 30 day period (September 21 - October 20) and ($30,000) 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 5-bedroom homes in Oshawa over the last 30 days (October 21 - November 19) stood at 27.3%, up from 18.2% over the previous 30 days (September 21 - October 20) and up from 10.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Oshawa stood at 65 days when successfully sold over the last 30 days (October 21 - November 19), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Realty
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