264 Athol Street E

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Oshawa , specifically located at 264 Athol Street E, Oshawa. This legal duplex is situated in a prime location within the vibrant community of Central Oshawa, making it an ideal investment for those seeking to enhance their property portfolio. With its strategic position, this property promises excellent long-term growth and substantial income potential, making it a highly sought-after option for savvy investors.

The property boasts a well-structured 2-storey multiplex design, featuring a robust brick exterior that not only adds to its aesthetic appeal but also ensures durability. Comprising a total of eight rooms, this Multi-Family Home for sale in Oshawa includes three bedrooms and five den spaces, catering to various living arrangements and potential tenant needs. Each unit is equipped with its own full kitchen, providing convenience and independence for occupants. Additionally, there are four bathrooms available, ensuring that residents have ample facilities to accommodate their needs.

Located at 264 Athol Street E, Oshawa, this property benefits from its proximity to essential amenities. Just a stone's throw away, residents will find Costco, major retailers, and a variety of restaurants, all of which contribute to the vibrant atmosphere of the area. The presence of public transit (TTC) at your doorstep enhances the attractiveness of this Multi-Family Home for sale in Oshawa, offering direct connectivity to surrounding areas, including a nearby GO Station. This accessibility is particularly appealing to potential tenants, ensuring a steady demand for rental spaces.

While some updates may be required to fully realise the potential of this property, the existing layout and location provide a solid foundation for generating strong returns. The separate entrance to each unit adds an element of privacy, making this Multi-Family Home for sale in Oshawa an attractive option for those looking to invest in a high-demand rental corridor. The potential for renovation presents an exciting opportunity to increase rental income, appealing to both seasoned investors and those embarking on their investment journey.

The property is situated on a generous lot measuring 40 X 86 feet, offering ample outdoor space for various uses. Although there is no garage space available, the private driveway accommodates up to two parking spaces, ensuring convenience for residents and guests alike. The absence of a pool and fireplace may be noted, yet these features do not detract from the overall appeal of this well-located duplex.

In terms of utilities, the property is connected to municipal water and sewer services, and while there is no central vacuum system or air conditioning, the forced air heating system provides adequate warmth during the colder months. Furthermore, the property is unfurnished, allowing new owners the freedom to personalise the space according to their preferences.

Surrounded by schools, malls, parks, and major transit routes, this Multi-Family Home for sale in Oshawa is positioned within a thriving community that consistently attracts tenant interest. The reliable cash flow potential and the consistent demand for rental properties in this area make it a strategic investment choice. Whether you are looking to build your property portfolio or are just starting your investment journey, this legal duplex at 264 Athol Street E, Oshawa, presents a rare opportunity to own a property in a central, walkable neighbourhood.

In conclusion, do not miss out on this exceptional investment opportunity. This Multi-Family Home for sale in Oshawa is not only a sound financial decision but also a chance to be part of a dynamic and growing community. Seize the moment and explore the potential that this property has to offer at 264 Athol Street E, Oshawa.

Central is a vibrant and diverse neighbourhood nestled in the heart of Oshawa, Ontario. Characterised by its mix of residential areas, local businesses, and green spaces, Central offers a unique blend of urban convenience and community charm. The area is well-served by public transport, making it easy to access nearby amenities, including shopping centres, parks, and cultural attractions. With a variety of housing options, from historic homes to modern apartments, Central appeals to a wide range of residents. The neighbourhood fosters a welcoming atmosphere, making it an ideal place for those seeking a lively yet comfortable environment to call home.

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an ideal choice for families. Within a short distance, you'll find Mary Street Community School (0.8 km) and St. Hedwig Catholic School (1.1 km), both offering elementary education with a focus on English. For those seeking a French-language curriculum, David Bouchard Public School is just 1.6 km away. Secondary education options include Durham Alternative Secondary School (1.1 km) and R.S. McLaughlin CVI (3.1 km), both under the Durham District School Board. Additionally, the property is close to several Catholic schools, including Sir Albert Love Catholic School (1.6 km) and Monsignor John Pereyma Catholic Secondary School (2.2 km), which have received favorable ratings of 6.4 and 5.6, respectively. St. Thomas Aquinas Catholic School (2.3 km) also offers a French program for students in grades 1 to 8. Overall, the area boasts a mix of public and Catholic schools catering to various educational needs, ensuring that families have access to quality education options within a reasonable distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 865 residents, with an average household size of 2. The demographic profile reveals an average age of 38.8 years and a median household income of $73,600. Approximately 16.4% of the population is classified as low-income, while a significant portion, 58.39%, identifies as single. Families with children make up about 26.83% of the households. The community is diverse, with 24.86% of residents being immigrants. A notable 80.23% of the population are renters, indicating a strong rental market, while there are no condominiums in the area. Education levels are relatively high, with 50% of residents holding a college or university degree. However, a substantial 37.97% of the population is not in the labor force, which may reflect various socioeconomic factors. The average property price in the area is $590,000, suggesting a competitive real estate market. Overall, this demographic snapshot highlights a vibrant community with a mix of singles, families, and a diverse population, alongside challenges related to income and employment.