394 Centre Street S Oshawa, Ontario L1H 4B9

3 Bedroom 6 Bathroom 2,000 - 2,500 ft2
Window Air Conditioner Forced Air

$1,019,000

Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Sixplex, The Building Is Currently Operating With Five FullyTenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units (Buyer To Verify; Subject ToApprovals). 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, WithOpportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning SupportLong-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With AreaAverages.Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal TurnkeyAddition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents.Showings By Appointment Only. (id:57557)

Property Details

MLS® Number E12920964
Property Type Multi-family
Neigbourhood Central
Community Name Central
Amenities Near By Public Transit
Community Features School Bus
Features Cul-de-sac
Parking Space Total 4

Building

Bathroom Total 6
Bedrooms Above Ground 3
Bedrooms Total 3
Appliances Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Window Air Conditioner
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2,000 - 2,500 Ft2
Type Other
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 82 Ft
Size Frontage 52 Ft ,9 In
Size Irregular 52.8 X 82 Ft
Size Total Text 52.8 X 82 Ft
Zoning Description R3-a/r5-b/r7-a

Rooms

Level Type Dimensions

Utilities

Cable Available
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/29515907/394-centre-street-s-oshawa-central-central