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$ 949,900
Est. payment /mo
New
394 Centre ST S Oshawa, ON L1H 4B9
3 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Central
MLS Listing ID E13493858
Style 2 1/2 Storey
Bedrooms 3
Annual Tax Amount $5,076
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Six plex, The Building Is Currently Operating With Five Fully Tenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units Set On A Quiet, Established Street With Quick Access To Downtown Amenities, Parks, Transit, The GO, And Hwy 401.Self-ContainedApartments Offer Practical Layouts And Good Natural Light; Common Areas Present Well. Laundry Is Located In The Basement, With Opportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning Support Long-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With Area Averages .Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal Turnkey Addition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents. Showings By Appointment Only.
Location
Province ON
County Durham
Area Durham
Zoning R3-A/R5-B/R7-A
Rooms
Basement Full, Unfinished
Kitchen 5
Interior
Interior Features Storage, Water Heater Owned
Cooling Window Unit(s)
Inclusions 5 Fridges, 5 Stoves, 1 Washer, 1 Dryer
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Stone
Others
ParcelsYN No
Lited by Royal Heritage Realty Ltd.