$795,000Asking Price
388 Wolfe Street, Oshawa, ON L1H 3V1
Lakeview, Oshawa
Legal two-unit raised bungalow - ideal for investment or multi-generational living! The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity! OFFERS ARE WELCOME ANYTIME.
Legal two-unit raised bungalow - ideal for investment or multi-generational living! The beautifully maintained raised bungalow offers a legal two-unit designation, providing fantastic flexibility for investor or homeowners looking to generate rental income. Live in one unit and rent out to other to help offset your mortgage legally or use both as a full investment property! The home features 3+1 bedrooms with the option to convert the basement family room into a two-bedroom unit for increased rental potential. The primary bedroom offers a walkout to the backyard and the layout includes 2 bathrooms, 2 living rooms, 2 kitchens, 1 family. The shared laundry room is conveniently open to the family room which could be converted into another bedroom for the upper unit or incorporated into the basement apartment to create a larger two-bedroom unit. The property boasts a spacious driveway accommodating 6-8 vehicles, a large backyard perfect for family enjoyment and a generous shed with upper loft - ideal for storage or workspace. Located close to schools, parks, essential amenities and minutes from the 401, 412 & 418, this home is in a prime location for tenants and homeowners alike. Income potential: upper unit $2,400-$2,500 plus a percentage of utilities, lower unit (1 bedroom): $1,600-$1,700 plus a percentage of utilities, lower unit (converted to 2 bedrooms) could yield $1,850-$1,950 plus a percentage of utilities. Don't miss this fantastic opportunity! OFFERS ARE WELCOME ANYTIME.
See MoreKey Info
- Bungalow Detached
- 7-Car Driveway
- No Garage
- Ritson Rd & 401 - Ritson Rd & Bloor St East
- 700-1100 Approximate Sq Feet
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 50.05 x 140.72 Feet
- Brick/Vinyl Siding Exterior
- Taxes were $4,023 in 2024
- Possession: 30-90 Days
Details
- No Fireplace
- No Family Room
- Central Vacuum
- Sewers
- Municipal Water
- MLS #E12052816
- SUTTON GROUP-HERITAGE REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Main | 5.84' x 3.74' | Vinyl Floor |
| 2 | Kitchen | Main | 15.62' x 7.81' | Vinyl Floor, Side Door, Window |
| 3 | Bathroom | Main | 9.88' x 5.97' | 4-PieceBath, Window |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
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% |
