Description

 Price: $ 999,900.00 MLS^®: E12920964         Location : 394 Centre Street S, Oshawa, ON L1H 4B9

Rare Opportunity To Own A Solid Income Property In Central Oshawa. Registered As A Six plex, The Building Is Currently Operating With Five Fully Tenanted Units After Two Suites Were Combined, With Future Potential To Reconfigure Back To Six Units 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, With Opportunity To Convert To A Coin-Operated System For Additional Income. The Rectangular Lot And Flexible Multi-Residential Zoning Support Long-Term Hold Strategies And Value-Add Plans. Stable In-Place Income With Clear Upside As Suites Turn And Rents Align With Area Averages .Estimated Cap. Rate ~6% Based On Current Income/Expenses; Financial Package, Rent Roll, And Floor Plans Available. Ideal Turnkey Addition To An Existing Portfolio Or A Smart First Multi-Family Step. 48 Hours Notice Required For Showings. Please Respect Residents. Showings By Appointment Only.

Location Description

Simcoe St S and Avenue St

Property Details

• Community: Central
• Property Type: Tenant/Residential Freehold
• Bedrooms: 3
• Bath: 6
• Garages: None

Building Features

• Foundation Type: Stone
• Construction Material: Brick
• Total Parking Space: 4

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,