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Property Description
Prime Oshawa Investment | Legal Duplex with Commercial Potential. 865 Simcoe St S, Oshawa is a golden opportunity for savvy investors and homeowners alike. This versatile property offers a unique blend of residential comfort and commercial potential. With three units, it is ideal for rental income or multi-family living. And with commercial zoning, there are endless possibilities for business ventures. Prime location close to Durham College, Ontario Tech, Oshawa Centre, Costco, 401, schools, GO Transit and future street rapid transit. Walk to the Oshawa Creek for hiking and fishing. Fully renovated in 2022 with 10+ parking spots, each unit is separately metered and comes with stylish kitchens, quartz countertops, S/S appliances and laminate flooring. Unit 1 - 2 bed 1 bath. Unit 2 - 1 bed 1 bath. Basement - studio 1 bath. Don't Miss This Chance to Own a Piece of Oshawa's Thriving Future! **EXTRAS** Minutes to 401 and Transit. 3 Separate metres
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-17 | 2024-09-13 | 58 | $2,350 | $2,300 | Leased |
| 2023-05-24 | 2023-07-17 | 54 | $2,450 | $2,350 | Leased |
| 2022-04-20 | 2022-04-25 | 5 | $2,350 | $2,300 | Leased |
| 2022-02-24 | 2022-04-17 | 52 | $2,400 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
77' x 112'
Lot Irregularities
Irregular As Per Geowarehouse
Fronting
East
Taxes
$4,696 (2024)
Basement
Finished, Walk-Up
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Great Rm | Ground | 14.47' x 19.55' | Vaulted Ceiling, B/I Shelves, Combined W/Kitchen |
| Kitchen | Ground | 14.47' x 19.55' | Vaulted Ceiling, Vinyl Floor, Combined W/Great Rm |
| Prim Bdrm | 2nd | 11.06' x 14.83' | Vaulted Ceiling, Vinyl Floor, Double Closet |
| 2nd Br | 2nd | 10.07' x 10.99' | Vaulted Ceiling, Vinyl Floor, Closet |
| Great Rm | Ground | 12.24' x 18.31' | Stainless Steel Appl, Vinyl Floor, W/O To Patio |
| Prim Bdrm | Ground | 9.97' x 12.30' | Closet Organizers, B/I Shelves, Vinyl Floor |
| Laundry | Ground | 4.89' x 10.24' | Vinyl Floor |
| Common Rm | Bsmt | 12.30' x 17.32' | Stainless Steel Appl, 4 Pc Bath, B/I Shelves |
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Oshawa Market Statistics
Oshawa Price Trend
865 Simcoe St S is a 3-bedroom 3-bathroom home listed for sale at $1,099,999, which is $320,045 (41.0%) higher than the average sold price of $779,954 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Oshawa increased by $55,177 (7.6%) compared to the previous 30 day period (December 22 - January 20) and down $76 (0.0%) from the same time one year ago.Inventory Change
There were 123 3-bedroom homes listed in Oshawa over the last 30 days (January 21 - February 19), which is up 39.8% compared with the previous 30 day period (December 22 - January 20) and up 6.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Oshawa typically sold $19,417 (2.5%) above asking price over the last 30 days (January 21 - February 19), which represents a $17,201 increase compared to the previous 30 day period (December 22 - January 20) and $22,770 less 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 (January 21 - February 19) stood at 72.4%, up from 51.1% over the previous 30 days (December 22 - January 20) and up from 69.8% 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 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
Similar Listings
Professionally Designed, Custom Built DUPLEX on a quiet street in the heart of Oshawa. Triple A Tenants. Spotless, low maintenance, turn-key income property w/ high end features throughout. 2 sun filled, 2bdrm self contained apartments. Separately metered w/ individual furnaces and HWTs. Each unit features: Separate Ensuite Laundry, open concept kitchens & main living space, 2 large Bdrms, full 4-pcbaths, parking, walk-out outdoor space, & plenty of storage. Specifically located in Oshawa's McLaughlin community, walk to: Oshawa Town Centre, Transit, Schools, Shopping, Restaurants & so much more! **EXTRAS** LEGAL DUPLEX - Unit 1: 1152.17 Sqft. Unit 2: 1134.29 Sqft. AAA Tenants looking to stay.
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