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291 Olive Avenue, Central

Price

$1,250,000

Bedrooms6 Beds

Bathrooms4 Baths

Size2000-2500 sqft

Year Built0-5

Property TypeHouse

Property Taxes$9665

Maintenance FeesNot listed

Description

Welcome to 293 Olive Avenue, a well-maintained legal triplex located in Oshawa's high-demand Central community. This property is perfect for investors or house-hackers looking for positive cash flow and strong long-term appreciation potential.Key Features Three Separate Units - Ideal mix of 1- and 2-bedroom suites to attract quality tenants Separate Entrances & Utilities - Privacy and convenience for each tenant Updated Interiors - Bright kitchens, modern flooring, and neutral finishes On-site Parking - Enough for multiple vehicles Turnkey Investment - Tenanted, and one unit is vacant.Income Potential With Oshawa's rental demand at an all-time high, this property offers strong monthly rental income and room to grow. Whether you choose to live in one unit and rent the others, or rent all three for maximum return, this is a cash-flowing asset from day one Location Highlights Central Oshawa - Close to downtown, shopping, restaurants, and parks Steps to transit, quick access to 401 for commuters Near Ontario Tech University, Durham College, and major employers - consistent rental demand Walking distance to schools and community amenities Why Invest Here?Oshawa is one of the fastest-growing cities in Durham Region, attracting students, young professionals, and families. Properties like this are in short supply, making this an idealopportunity to secure a high-yield multi-unit investment with potential for long-term appreciation.Perfect For: Investors seeking stable monthly cash flow First-time buyers looking to offset mortgage costs with rental income Extended families wanting separate spaces under one roof

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$5,296 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,000,000

Total Interest Payments

$616,561

Total Payment (Principal + Interest)

$1,616,561

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