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1398 Simcoe Street, Lakeview

Price

$774,500

Bedrooms4 Beds

Bathrooms3 Baths

Size1100-1500 sqft

Year BuiltNot listed

Property TypeHouse

Property Taxes$4539

Maintenance FeesNot listed

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Description

Investment Opportunity in Prime Oshawa Location Legal 2+1. This well-maintained building is the perfect addition to your investment portfolio or an ideal choice for first-time buyers looking to offset costs with rental income. The property features:Two spacious 2-bedroom units, One 1-bedroom b apartment With a 50 x 190 ft lot, this property offers amazing potential for future development while already generating solid rental income.Located just steps from the beautifully restored Oshawa waterfront, enjoy easy access to walking and biking trails, parks, beaches, fishing, and restaurants making this a highly desirable area for tenants and owners alike.This property has been operating as a 2+1 unit building for over 20 years, providing peace of mind for any investor.Recent Upgrades Include:Renovated basement apartment, New split boiler heating system (efficient + cost-effective),New exterior handrails, Large private backyard, Parking for up to 5 vehicles. Whether you're an investor seeking a reliable income-producing property or a buyer looking to live in one unit while renting the others, this is a rare opportunity you don't want to miss!

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,161 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$619,600

Total Interest Payments

$382,022

Total Payment (Principal + Interest)

$1,001,622

Determine Your Profits After Selling Your Home

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

Let's Find Your Dream Home Together