175 Olive Avenue

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Oshawa , located at 175 Olive Avenue, Oshawa. Nestled in the vibrant community of Central Oshawa, this charming 1 1/2 storey multiplex is brimming with potential for builders, renovators, and savvy investors alike. With three bedrooms and two full bathrooms, this property is perfect for those seeking a versatile living space or a lucrative rental option.

As you approach 175 Olive Avenue, Oshawa, you’ll notice the appealing exterior, featuring a combination of aluminium and vinyl siding that gives it a modern yet classic look. The building, which is between 51 and 99 years old, has stood the test of time and is ready for a new chapter. The lot measures a generous 45 by 100 feet, providing ample space for outdoor activities and future enhancements. Although there is no pool or fireplace, the property offers other significant advantages that make it a standout choice in the area.

Inside, the layout is designed to maximise space and functionality. The main level boasts two well-sized bedrooms, a bright living and dining room adorned with newer laminate floors, and a kitchen that is ready for your personal touch. The full bathroom on this level adds to the convenience of the home. The upstairs features a ready-to-rent one-bedroom suite, complete with its own kitchen, bathroom, and living area. This setup presents a fantastic income opportunity, making this Multi-Family Home for sale in Oshawa an ideal choice for those looking to generate rental income.

The property is equipped with municipal water and sewer services, ensuring a hassle-free living experience. While there is no central air conditioning or central vacuum system, the radiant heating will keep you warm during the colder months. Internet access is available, allowing you to stay connected with ease. The absence of a family room and additional rooms means that the space is straightforward and easy to navigate, making it perfect for those who prefer simplicity.

One of the standout features of this Multi-Family Home for sale in Oshawa is the spacious deck that leads to the backyard. This outdoor space offers endless possibilities for entertaining, gardening, or simply enjoying the fresh air. The large garage, although being sold as is, provides valuable storage or parking space, and the private driveway accommodates up to four vehicles—a significant bonus in this bustling area.

Living at 175 Olive Avenue, Oshawa, means you’re just steps away from parks, recreation facilities, public transit, and schools, making it an ideal location for families and professionals alike. With the 401 nearby and a new GO station planned just around the corner, commuting will be a breeze. Additionally, the property is surrounded by essential services, including police, fire, and hospital access within minutes, ensuring peace of mind for you and your loved ones.

This Multi-Family Home for sale in Oshawa is being sold as is, providing a blank canvas for your vision. Whether you’re looking to renovate and personalise the space or simply want to take advantage of the rental potential, this property is brimming with possibilities. The roof was replaced less than ten years ago, and the tankless water heater and furnace are owned, adding to the appeal of this investment.

In summary, 175 Olive Avenue, Oshawa, is an exciting opportunity for anyone looking to invest in a property with great potential. With its prime location in Central Oshawa, ample living space, and income-generating possibilities, this Multi-Family Home for sale in Oshawa is not to be missed. Bring your vision and transform this property into something truly special!

Central Oshawa is a vibrant and diverse neighbourhood that serves as the heart of the city, offering a unique blend of urban convenience and community charm. With its tree-lined streets, historic architecture, and a mix of residential and commercial spaces, Central is home to a variety of amenities, including shops, cafes, and parks. The area boasts excellent transport links, making it easy to access other parts of Oshawa and beyond. Residents can enjoy a lively atmosphere with local events and cultural activities, all while being surrounded by a welcoming environment that fosters a strong sense of belonging. Whether you’re drawn to the rich history or the dynamic lifestyle, Central Oshawa presents an inviting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs. The closest option is Grove School, a public institution offering grades JK to 12, situated just 0.7 km away. For elementary education, David Bouchard Public School, which provides French instruction for grades JK to 8, is 1.2 km from the property. St. Hedwig Catholic School, an English-speaking Catholic elementary school with a strong rating of 7.4, is also nearby at 0.8 km. For secondary education, R.S. McLaughlin CVI offers French instruction for grades 9 to 12, located 3.6 km away, while Monsignor John Pereyma Catholic Secondary School, with a rating of 3.7, is 1.3 km away. Additionally, St. Thomas Aquinas Catholic School, providing French education for grades 1 to 8, is 1.7 km from the property and has a rating of 5.2. Overall, the area boasts a diverse selection of public and Catholic schools, ensuring quality education options for families with children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 388 residents, with an average household size of 2.3 individuals. The community is relatively mature, with an average age of 39.1 years. Economically, the average household income stands at $77,500, although 14% of the population is classified as low-income. The real estate market reflects a median home price of $450,000, which may appeal to potential buyers. The demographic profile indicates a significant portion of the population is single, comprising 58.46%, while 40% of households include children. Additionally, immigrants represent 10.13% of the population, contributing to the area's diversity. Renters make up 18.92% of the housing market, and there are no condominiums available in the vicinity. Educational attainment is notable, with 43.28% of residents holding a college or university degree. However, it is also important to note that a substantial portion of the population, 43.28%, is not actively participating in the labor force. Overall, this demographic snapshot provides insight into a community that is diverse, educated, and has a mix of family structures and income levels.