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381 SIMCOE STREET S, Oshawa, Ontario

$1,299,000

10 Beds
6 Baths

Incredible Investment Opportunity in the Heart of Oshawa! Seize the chance to own a fully rented 6-unit investment property perfectly situated in the vibrant core of Oshawa. This exceptional building comprises four spacious 2-bedroom units and two comfortable 1-bedroom units, already delivering a solid return on investment. Additionally, there's untapped potential to further increase your income by renting out the two large, detached garages at the back and utilizing the two substantial advertising spots on the front upper level of the building. This property boasts a prime location with easy access to Highway 401, public transit, and various amenities, making it an ideal choice for tenants seeking convenience and connectivity. Tenants will appreciate the close proximity to shopping, dining, parks, and schools, ensuring they have everything they need right at their doorstep. Recent upgrades ensure that this property is in excellent condition and ready for new ownership. Significant repairs include a new roof, a sturdy fence, and updated railings, enhancing the building's safety and aesthetic appeal. Apartment 6 has been particularly well-maintained, featuring a new stove, refrigerator, and ceiling, providing modern comforts that will attract and retain tenants. Additional Highlights: Fully Rented: Enjoy secure and steady rental income from day one! Extra Income Potential: Maximize your returns by renting out the detached garages and utilizing the advertising spots! Prime Location: Conveniently located near major highways, public transit, and all essential amenities! Recent Upgrades: New roof, fence, and railing, along with updated appliances in Apartment 6! Don't miss out on this fantastic opportunity to enhance your investment portfolio with a property that combines location, convenience, and potential for increased revenue. Contact us today to learn more and schedule a viewing! Do Not Disturb Tenants! Please respect the privacy of the current tenants! (id:23309)

Listing ID: E8388414
Property Type: Multi-family

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Details

Parking Spaces: 6
Transaction: For sale

Building

BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 8
Bedrooms Lower Level: 2
Exterior Finish: Brick
Fireplace Present: False
Foundation: Unknown
Bathrooms (Total): 6
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Stories Total: 2
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 31 ft ,6 in
Size Irregular: 31.5 x 140 FT

Listing provided by BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 381 SIMCOE STREET S in Oshawa Ontario. It was last modified on May 30th, 2024. Contact the Lausic Team to schedule a viewing or to discover other Oshawa real estate for sale.

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