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$1,299,000Asking Price

381 Simcoe St S

Central, Oshawa

Multiplex
8 + 2
Bedrooms
6
Baths
6
Parking
Days on Market

Incredible Investment Opportunity in the Heart of Oshawa! Seize the chance to own a fully rented 6-unit investment property perfectly situated in the vibrant core of Oshawa. This exceptional building comprises four spacious 2-bedroom units and two comfortable 1-bedroom units, already delivering a solid return on investment. Additionally, there's untapped potential to further increase your income by renting out the two large, detached garages at the back and utilizing the two substantial advertising spots on the front upper level of the building. This property boasts a prime location with easy access to Highway 401, public transit, and various amenities, making it an ideal choice for tenants seeking convenience and connectivity. Tenants will appreciate the close proximity to shopping, dining, parks, and schools, ensuring they have everything they need right at their doorstep. Recent upgrades ensure that this property is in excellent condition and ready for new ownership. Significant repairs include a new roof, a sturdy fence, and updated railings, enhancing the building's safety and aesthetic appeal. Apartment 6 has been particularly well-maintained, featuring a new stove, refrigerator, and ceiling, providing modern comforts that will attract and retain tenants. Additional Highlights: Fully Rented: Enjoy secure and steady rental income from day one! Extra Income Potential: Maximize your returns by renting out the detached garages and utilizing the advertising spots! Prime Location: Conveniently located near major highways, public transit, and all essential amenities! Recent Upgrades: New roof, fence, and railing, along with updated appliances in Apartment 6! Don't miss out on this fantastic opportunity to enhance your investment portfolio with a property that combines location, convenience, and potential for increased revenue. Contact us today to learn more and schedule a viewing! Do Not Disturb Tenants! Please respect the privacy of the current tenants!

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Incredible Investment Opportunity in the Heart of Oshawa! Seize the chance to own a fully rented 6-unit investment property perfectly situated in the vibrant core of Oshawa. This exceptional building comprises four spacious 2-bedroom units and two comfortable 1-bedroom units, already delivering a solid return on investment. Additionally, there's untapped potential to further increase your income by renting out the two large, detached garages at the back and utilizing the two substantial advertising spots on the front upper level of the building. This property boasts a prime location with easy access to Highway 401, public transit, and various amenities, making it an ideal choice for tenants seeking convenience and connectivity. Tenants will appreciate the close proximity to shopping, dining, parks, and schools, ensuring they have everything they need right at their doorstep. Recent upgrades ensure that this property is in excellent condition and ready for new ownership. Significant repairs include a new roof, a sturdy fence, and updated railings, enhancing the building's safety and aesthetic appeal. Apartment 6 has been particularly well-maintained, featuring a new stove, refrigerator, and ceiling, providing modern comforts that will attract and retain tenants. Additional Highlights: Fully Rented: Enjoy secure and steady rental income from day one! Extra Income Potential: Maximize your returns by renting out the detached garages and utilizing the advertising spots! Prime Location: Conveniently located near major highways, public transit, and all essential amenities! Recent Upgrades: New roof, fence, and railing, along with updated appliances in Apartment 6! Don't miss out on this fantastic opportunity to enhance your investment portfolio with a property that combines location, convenience, and potential for increased revenue. Contact us today to learn more and schedule a viewing! Do Not Disturb Tenants! Please respect the privacy of the current tenants!

Key Info

  • 2-Storey Multiplex
  • 4+ Parking
  • Detached Garage
  • Olive Ave / Simcoe St S
  • Water Gas Heating
  • No A/C

Property

  • Taxes were $8,404 in 2024
  • Possession: 30 Days

Details

  • Brick Exterior
  • No Fireplace
  • 6 Kitchens
  • Designation: Other
  •  
  • MLS #E8388414
  • BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

Extras

  • Recent Repairs, Including A New Roof, Fence, And Railing. A New Stove, Refrigerator, And Ceiling In Apartment 6 Ensure That This Property IsIn Great Condition And Ready For New Ownership.
Room Floor Dimensions Details
Washroom2 4-Piece Bathrooms on 2nd Floor
Washroom2 4-Piece Bathrooms on Main Floor
Washroom2 3-Piece Bathrooms in Basement

Who lives here?

Central, Oshawa is an east GTA neighbourhood notable for its singles, renters and tradespeople. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 34, 25 to 34, 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 69.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Oshawa  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

60% of residents are
single and loving it.

60% singles

Oshawa (47%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

52% of residents
are renters.

52% renters

Oshawa (32%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

11% of residents are
university grads.

11% university grads

Oshawa (19%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$64K

is the average household
income in the neighbourhood.

Oshawa  ($99K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 14%
Trades 13%
Business 7%
Government 5%
Management 4%

Immigrants

14% of residents were
born outside of Canada.

14% immigrants

Oshawa (18%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

UK was once home to 2.3% of immigrants.
Caribbean 1.3%
Poland 0.8%
Philippines 0.8%
Jamaica 0.8%

2.3% from UK
All-time

Birthplace - Recent

India was once home to 0.3% of immigrants.
Philippines 0.3%
UK 0.2%
Other South America 0.2%
Pakistan 0.1%

0.3% from India
Recent

Foreign Languages

Foreign Languages

French 2%
Polish 2%
Portuguese 1%
Italian 1%
Urdu 1%

Religions

Religions

Christian 62%
Muslim 2%