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491 Drew Street, Central

Price

$1,498,000

Bedrooms5 Beds

Bathrooms4 Baths

Size2500-3000 sqft

Year BuiltNew

Property TypeHouse

Property Taxes$8500

Maintenance FeesNot listed

Explore A Virtual Tour

Description

Brand-new legal triplex in Central Oshawa! This custom-built masterpiece showcases exceptional craftsmanship and premium materials, offering durability, efficiency, and modern appeal. Exterior features NewTech Wood-Plastic Composite and Concrete construction, combining sleek aesthetics with long-lasting performance. Two spacious, self-contained units are already complete, each featuring private entrances, separate meters, individual HVAC systems and two full washrooms. The third basement unit is fully approved and ready to finish, with rough-ins for a kitchen and bathroom, full ceiling height, and a separate side entrance, seller willing to finish the basement unit, providing an excellent opportunity to maximize rental income. Built with Insulated Concrete Forms foundation, superior soundproofing, private decks/balcony, a landscaped yard, and three dedicated parking spaces. Situated minutes from Hwy 401, the upcoming GO Station, and everyday amenities, this property combines immediate rental income with strong long-term growth potential in a rapidly developing, transit-oriented neighbourhood. Above-grade area: approximately 3,000 sq. ft. Total livable area (including basement unit): approximately 3,500 sq. ft. Potential rental income of approximately $9,000 per month if all three units are rented. PLEASE SEE THE ATTACHED FEATURE SHEET FOR MORE INFORMATION.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$6,090 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,198,400

Total Interest Payments

$738,887

Total Payment (Principal + Interest)

$1,937,287

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