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ROOMSE10440847
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Property Description
Opportunity knocks for you to own a Vacant, Legal, Two Unit Dwelling, registered with the City of Oshawa on a double wide lot. Oozing with old world charm and character, this home is the an ideal investment with upside or the perfect first step on the property ladder. Live in the spacious one bedroom, ground floor unit and rent out the three bedroom upper unit, to pay most of your mortgage, or rent out both units while pursuing the highest and best use of the property. A draft survey has already been completed to pursue Release of Part Lot Control from the City (easier than a severance through the Region) or you can explore the possibility of building a Garage/ Garden Suite on the property. An unfinished basement, with a separate entrance, provides ample storage or an opportunity for a savvy investor to expand. Sweat equity or the patience to pursue development opportunities will add considerable cashflow. Both units had long term tenants but the tenant in the lower unit, who has already vacated, were paying $1383.75 earlier this year and the tenants in the upper unit are currently paying $1869.25 but are planning to vacate November 30th. Nestled in central Oshawa, this property offers unparalleled convenience and accessibility. Proximity to transit, the 401, restaurants, and shopping, at the Oshawa Centre, ensures everyday convenience, while easy access to post-secondary education institutions such as Durham College and UOIT makes it an ideal location for tenants and students alike. Families will appreciate the short walking distance to nearby parks, and schools, offering peace of mind and convenience.
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Extras
New Electrical: 2014 (including 200 amp service, separate panels & meters for each unit), Furnace: 2016 (has emergency fire shut off), Roof: 2015, HWT: 2017, Plumbing: Updated in 2015, Separate Laundry (Upper machines replaced in 2022)
Property Features
Arts Centre, Hospital, Library, Park, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
65' x 100'
Fronting
West
Taxes
$4,052 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 12.60' x 13.25' | Eat-In Kitchen, W/O To Yard, Tile Floor |
Living | Main | 12.37' x 15.39' | Hardwood Floor, Closed Fireplace, Large Window |
Prim Bdrm | Main | 12.01' x 12.34' | Hardwood Floor, Large Window, Closet Organizers |
Foyer | Main | 6.73' x 9.74' | Hardwood Floor, W/O To Porch, Closet |
Br | 2nd | 10.14' x 13.65' | Breakfast Bar, Vinyl Floor, Window |
2nd Br | 2nd | 10.33' x 12.14' | Hardwood Floor, Window |
3rd Br | 2nd | 7.61' x 12.63' | Hardwood Floor, Window, Closet |
Family | 3rd | 8.69' x 9.02' | W/I Closet, Window, Laminate |
Laundry | Bsmt | 12.63' x 19.16' | |
Utility | Bsmt | 9.25' x 25.23' | Walk-Up, Above Grade Window |
Other | Bsmt | 9.35' x 25.30' | |
Kitchen | 2nd | 10.73' x 12.53' |
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Oshawa Market Statistics
Oshawa Price Trend
82 Nassau St is a 4-bedroom 2-bathroom home listed for sale at $700,000, which is $300,842 (30.1%) lower than the average sold price of $1,000,842 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 4 bedroom home in Oshawa declined by $23,527 (2.3%) compared to the previous 30 day period (September 24 - October 23) and down $1,339 (0.1%) from the same time one year ago.Inventory Change
There were 88 4-bedroom homes listed in Oshawa over the last 30 days (October 24 - November 22), which is down 11.1% compared with the previous 30 day period (September 24 - October 23) and down 2.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oshawa typically sold ($4,842) (0.5%) below asking price over the last 30 days (October 24 - November 22), which represents a $11,055 increase compared to the previous 30 day period (September 24 - October 23) and ($26,708) 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 4-bedroom homes in Oshawa over the last 30 days (October 24 - November 22) stood at 39.8%, down from 50.5% over the previous 30 days (September 24 - October 23) and up from 36.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Oshawa stood at 15 days when successfully sold over the last 30 days (October 24 - November 22), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Frank Real Estate
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