$774,500Asking Price
1398 Simcoe Street S, Oshawa, ON L1H 4M4
Lakeview, Oshawa
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!
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!
See MoreKey Info
- 1.5-Storey Multiplex
- 4+ Parking
- No Garage
- Simcoe/Wentworth
- 1100-1500 Approximate Sq Feet
- No Ensuite Laundry
- Radiant Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $4,539 in 2024
Details
- Brick Exterior
- No Fireplace
- 3 + 1 Kitchens
- MLS #E12362510
- RIGHT AT HOME REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 19.00' x 9.00' | Tile Floor, Casement Windows, Walkout To Porch |
| 2 | Kitchen | Lower | 9.00' x 12.00' | Vinyl Floor, Casement Windows, Pantry |
| 3 | Kitchen | Upper | 8.00' x 11.00' | Casement Windows, Vinyl Floor |
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Upper | |||
| 1 3-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Lakeview, Oshawa is an east GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 9, youth aged 20 to 24 and adults aged 25 to 34, 25 to 34, 25 to 34 and 25 to 34.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
55%
of residents are
single and loving it.
55% singles
Oshawa (47%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
44%
of residents
are renters.
44% renters
Oshawa (32%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
9%
of residents are
university grads.
9% university grads
Oshawa (19%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$73K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Trades | 14% |
| Business | 8% |
| Government | 5% |
| Manufacturing | 5% |
Immigrants
11%
of residents were
born outside of Canada.
11% immigrants
Oshawa (18%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
1.8% from UK
All-time
Birthplace - Recent
0.3% from Jamaica
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| Spanish | 1% |
| Portuguese | 1% |
| Polish | 1% |
Religions
Religions
| Christian | 63% |
| Buddhist | 1% |
| Muslim | 1% |
