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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS5 + 4
ROOMSE11890580
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Property Description
This legal, two-unit duplex offers a great investment opportunity in a prime market or an ideal setup for buyers looking to offset their mortgage with rental income. Located minutes from Highway 401/407, GO Train and Bus, GM plant, OPG, schools, shopping, and the Oshawa Centre, this property combines convenience with strong rental appeal. The upper unit includes 3 bedrooms, a 4-piece bathroom, a living room, a kitchen, in-suite laundry, and a private entrance. The lower unit features 2 bedrooms, a 4-piece bathroom, a kitchen, in-suite laundry, a living area and a separate entrance. With its legal 3+2 configuration, this property offers versatile rental options and enhanced income potential. The property offers four (4) parking spaces, with a detached garage equipped with hydro presenting further revenue possibilities. Legalized in 2016. recent updates include a deck (2020), shed (2020), sump pump (2020), roof (2021), and water heater (2024).
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-07-11 | 2020-07-31 | 20 | $1,650 | $1,650 | Leased |
Extras
Legal 3br upper and 2br lower layout, separate private entrances, in-suite laundry in both units, and setup for stronger rental and income potential.
Nearby Intersections
Harmony & Olive (21)
Wilson & Olive (23)
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Lot Size
55' x 100'
Fronting
South
Taxes
$5,040 (2024)
Basement
Apartment, Sep Entrance
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Mutual
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Upper | 12.30' x 16.08' | |
| Living | Upper | 16.99' x 12.04' | |
| Br | Upper | 11.45' x 14.14' | |
| 2nd Br | Upper | 10.01' x 10.56' | |
| 3rd Br | Upper | 10.70' x 9.78' |
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Oshawa Market Statistics
Oshawa Price Trend
583 Shakespeare Ave is a 3-bedroom 2-bathroom home listed for sale at $815,000, which is $67,188 (9.0%) higher 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 Our Neighbourhood Realty Inc.
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