381 Simcoe St S, Oshawa, Ontario

$1,299,000

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8

Beds

6

Baths

About 381 Simcoe St S

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!

Features of 381 Simcoe St S

MLS® # E8388414
Price $1,299,000
Bedrooms 8
Extra Bedrooms 2
Bathrooms 6.00
Type Residential
Sub-Type Multiplex
Style 2-Storey
Status A

Community Information

Address 381 Simcoe St S
Area Durham
Subdivision Central
City Oshawa
Province Ontario
Postal Code L1H 4J2

Amenities

Features 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.
Parking Spaces 4
# of Garages 2
Garages Detached
Is Waterfront No
Has Pool No
Pool None
# of Kitchens 6
Has Family Room Yes

Interior

Heating Water
Cooling None
Fireplace No
Basement Apartment

Exterior

Exterior Brick
Lot Description 31.50x140.00 Feet

Additional Information

Taxes $8,404.33
Fronting On (NSEW) E
Driveway Mutual
Maintenance Fee $0.00
Directions/Intersection Olive Ave / Simcoe St S
Days On Website 52

Listing Details

OfficeBERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY

Listing Map

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