$1,019,000

Multiplex

394 Centre Street, Oshawa, ON

1 DAY
3
6
0
2000-2500
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Listed by ROYAL HERITAGE REALTY LTD.

Property Highlights

Parking

4 spaces

Property Tax

$5,076/yr

Lot Size

4,326 sqft

Style

2 1/2 Storey

Basement

Full, Unfinished

Monthly Cost

$4,726/mo

About This Home

Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Sixplex, The Building Is Currently Operating With Five FullyTenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units (Buyer To Verify; Subject ToApprovals). Set On A Quiet, Established Street With Quick Access To Downtown Amenities, Parks, Transit, The GO, And Hwy 401.Self-ContainedApartments Offer Practical Layouts And Good Natural Light; Common Areas Present Well. Laundry Is Located In The Basement, WithOpportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning SupportLong-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With AreaAverages.Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal TurnkeyAddition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents.Showings By Appointment Only.

Monthly Cost

Monthly Mortgage$4,303
Property Tax ($5,076/yr)$423
Total$4,726

Price & Listing History

Schools

Location

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Rooms

Second Level

Bedroom: 6.00m × 7.00m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage